https://www.taxtmi.com/caselaws?id=467984 Restoration of appeals withdrawn under CBDT tax-effect circulars turns on whether the withdrawal was based on an incorrect tax-effect assessment and whether the circular exceptions apply prospectively. The Bombay High Court treated the later exception clauses as prospective for appeals filed before their introduction, so one set of earlier withdrawal orders was not interfered with and the appeals remained withdrawn. In connected matters, where the appeals had been withdrawn on an understanding of tax effect and were covered by the exception regime, the Court recalled the withdrawal orders and restored the appeals for hearing. The document thus reflects divergent outcomes depending on the circular framework and the basis of withdrawal. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 10 Apr 2026 20:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467984 Restoration of appeals withdrawn under CBDT tax-effect circulars turns on whether the withdrawal was based on an incorrect tax-effect assessment and whether the circular exceptions apply prospectively. The Bombay High Court treated the later exception clauses as prospective for appeals filed before their introduction, so one set of earlier withdrawal orders was not interfered with and the appeals remained withdrawn. In connected matters, where the appeals had been withdrawn on an understanding of tax effect and were covered by the exception regime, the Court recalled the withdrawal orders and restored the appeals for hearing. The document thus reflects divergent outcomes depending on the circular framework and the basis of withdrawal. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467984