Modification of Circular No. 21/2015 dated 10.12.2015

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....ax Sub: Modification of Circular No. 21/2015 dated 10.12.2015 Madam/Sir, References are being received by the Board that in certain cases appellate authorities are dismissing appeals without going into the merits of the case by relying on the definition of 'tax effect' as defined in Circular No. 21/2015, which prescribes the monetary limit for filing appeals before various appella....

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....la-  (A-B) + (C-D) where, A  = the total income assessed as per the provisions other than the provisions contained in section 115JB or section 115JC (herein called general provisions); B  = the total income that would have been chargeable had the total income assessed as per the general provisions been reduced by the amount of the disputed issues ....