https://www.taxtmi.com/caselaws?id=378723 The High Court dismissed the Income-tax appeal due to the tax effect falling below the prescribed limit of Rs. 20 lakhs set by the CBDT. The Supreme Court clarified that CBDT Circulars on monetary limits apply retrospectively, preventing disparate treatment of similar cases. Exceptions to automatic application of Circulars were highlighted to address broader issues. Recent revisions set monetary limits at Rs. 20 lakhs for Tribunals, Rs. 50 lakhs for High Courts, and Rs. 1 crore for the Supreme Court, aiming to streamline appeals. The appeal was dismissed in line with the revised Circulars and guidelines, emphasizing adherence to limits and conditions to reduce litigation. en-us Mon, 30 Jul 2018 00:00:00 +0530 Fri, 19 Apr 2019 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378723 The High Court dismissed the Income-tax appeal due to the tax effect falling below the prescribed limit of Rs. 20 lakhs set by the CBDT. The Supreme Court clarified that CBDT Circulars on monetary limits apply retrospectively, preventing disparate treatment of similar cases. Exceptions to automatic application of Circulars were highlighted to address broader issues. Recent revisions set monetary limits at Rs. 20 lakhs for Tribunals, Rs. 50 lakhs for High Courts, and Rs. 1 crore for the Supreme Court, aiming to streamline appeals. The appeal was dismissed in line with the revised Circulars and guidelines, emphasizing adherence to limits and conditions to reduce litigation. Case-Laws Income Tax Mon, 30 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378723