2011 (9) TMI 1151

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....er : Sanjay Deshmukh, Sr. D.R. For the Respondent : None ORDER Abraham P. George (Accountant Member) Through this Miscellaneous Petition filed by the Revenue, its grievance is that the tax effect on the disputes involved was more than Rs. 3 lakhs and this Tribunal had applied Circular No.5 of 2008 dated 15.5.2008 of CBDT to the case while dismissing the appeal filed by it. 2. We have gone thr....

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.... been chargeable had such total income been reduced by the amount of income in respect of the issue against which appeal is intended to be filed (hereafter referred to as "disputed issues"). However, the tax will not include any interest thereon. Similarly, in loss cases notional tax effect should be taken into account. In the case of penalty orders, the tax effect will mean quantum of penalty del....