https://www.taxtmi.com/caselaws?id=300182 The judgment pertains to the revision of monetary limits for filing appeals before the Income Tax Appellate Tribunal, High Courts, and Supreme Court as per Circular No. 3/2018. The Circular increases the limit for High Courts from Rs. 20,00,000 to Rs. 50,00,000 w.e.f. 11th July, 2018. It emphasizes that appeals should not be filed solely based on exceeding the monetary limits but on the merits of the case. The Circular provides guidelines for calculating the tax effect, filing appeals for relevant assessment years, and exceptions to the monetary limits. It also addresses the retrospective application of the Circular to pending appeals and the need for compliance with the revised limits. en-us Mon, 16 Jul 2018 00:00:00 +0530 Sat, 15 Jan 2022 08:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300182 The judgment pertains to the revision of monetary limits for filing appeals before the Income Tax Appellate Tribunal, High Courts, and Supreme Court as per Circular No. 3/2018. The Circular increases the limit for High Courts from Rs. 20,00,000 to Rs. 50,00,000 w.e.f. 11th July, 2018. It emphasizes that appeals should not be filed solely based on exceeding the monetary limits but on the merits of the case. The Circular provides guidelines for calculating the tax effect, filing appeals for relevant assessment years, and exceptions to the monetary limits. It also addresses the retrospective application of the Circular to pending appeals and the need for compliance with the revised limits. Case-Laws Income Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300182