https://www.taxtmi.com/caselaws?id=765907 CBDT Circular No. 05/2024 was read with the earlier circular to distinguish between enhanced monetary limits, which were expressly made applicable to pending appeals, and newly introduced exceptions, which were held to operate prospectively for appeals to be filed later. The Revenue could not invoke those new exceptions to continue pending appeals, and the appeals were to be disposed of in accordance with the circulars. The Bombay HC followed a prior coordinate bench view and the Rajasthan High Court on the same question, confirming that the later exception regime did not extend to already pending matters. en-us Wed, 05 Feb 2025 00:00:00 +0530 Wed, 01 Jul 2026 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765907 CBDT Circular No. 05/2024 was read with the earlier circular to distinguish between enhanced monetary limits, which were expressly made applicable to pending appeals, and newly introduced exceptions, which were held to operate prospectively for appeals to be filed later. The Revenue could not invoke those new exceptions to continue pending appeals, and the appeals were to be disposed of in accordance with the circulars. The Bombay HC followed a prior coordinate bench view and the Rajasthan High Court on the same question, confirming that the later exception regime did not extend to already pending matters. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765907