https://www.taxtmi.com/caselaws?id=304899 The High Court held that CBDT Circular No.23/2019 dated 6.9.2019, along with an Office Memorandum, had only prospective effect. The Court clarified that the Circular's applicability depended on the date of appeal filing, applying it to cases filed after 16.9.2019. As the appeal in question was filed before this date, the Court dismissed the revenue's appeal, stating the Circular did not apply. The judgment emphasized the importance of understanding the Circular's implications and upheld the Tribunal's decision to dismiss the appeal. en-us Mon, 25 Jul 2022 00:00:00 +0530 Fri, 04 Nov 2022 08:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304899 The High Court held that CBDT Circular No.23/2019 dated 6.9.2019, along with an Office Memorandum, had only prospective effect. The Court clarified that the Circular's applicability depended on the date of appeal filing, applying it to cases filed after 16.9.2019. As the appeal in question was filed before this date, the Court dismissed the revenue's appeal, stating the Circular did not apply. The judgment emphasized the importance of understanding the Circular's implications and upheld the Tribunal's decision to dismiss the appeal. Case-Laws Income Tax Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304899