https://www.taxtmi.com/caselaws?id=389059 For applying the monetary-limit circular, tax effect is to be computed cumulatively on all disputed additions where the Revenue challenges deletion of multiple additions, rather than ITA-wise for each appeal separately. The definition of "tax effect" in paragraph 4 requires comparison between tax on assessed income and tax that would have been chargeable if the disputed income were excluded. Paragraph 12, which concerns cross objections, does not apply where no cross objections have been filed. On that basis, the assessee's objection to maintainability was rejected and the Revenue's appeals were held maintainable. en-us Mon, 25 Nov 2019 00:00:00 +0530 Fri, 29 Nov 2019 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389059 For applying the monetary-limit circular, tax effect is to be computed cumulatively on all disputed additions where the Revenue challenges deletion of multiple additions, rather than ITA-wise for each appeal separately. The definition of "tax effect" in paragraph 4 requires comparison between tax on assessed income and tax that would have been chargeable if the disputed income were excluded. Paragraph 12, which concerns cross objections, does not apply where no cross objections have been filed. On that basis, the assessee's objection to maintainability was rejected and the Revenue's appeals were held maintainable. Case-Laws Income Tax Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389059