https://www.taxtmi.com/caselaws?id=422837 CBDT Circular No. 17/2019's monetary limit applied to pending and fresh appeals, and the later penny stock exception in Circular No. 23/2019 and Office Memorandum dated 16.09.2019 was held not to operate retrospectively. Applying the Gujarat High Court view cited before it, the Tribunal treated the exception as available only to appeals filed on or after 16.09.2019. As the Revenue's appeal had been filed earlier and the tax effect was below the prescribed limit, the exception could not be invoked and the appeal was not maintainable. en-us Fri, 20 May 2022 00:00:00 +0530 Sat, 21 May 2022 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422837 CBDT Circular No. 17/2019's monetary limit applied to pending and fresh appeals, and the later penny stock exception in Circular No. 23/2019 and Office Memorandum dated 16.09.2019 was held not to operate retrospectively. Applying the Gujarat High Court view cited before it, the Tribunal treated the exception as available only to appeals filed on or after 16.09.2019. As the Revenue's appeal had been filed earlier and the tax effect was below the prescribed limit, the exception could not be invoked and the appeal was not maintainable. Case-Laws Income Tax Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422837