The Revenue sought to continue appeals involving a tax effect below Rs. 2 crores by relying on the exceptions specified in paragraph 3.1(h) of CBDT Circular No. 5\/2024 dated 15-3-2024. The High Court held that paragraph 10 of the said circular expressly provided that it would apply to appeals and Special Leave Petitions filed thereafter. Consequently, the Revenue could not invoke those exceptions to continue the pending appeals. Applying the relevant CBDT circulars prescribing monetary limits, the appeals were disposed of.<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 268A : Appeal-Instructions-Circulars-Monetary limits-Tax effect below Rs. 2 crores-Exceptions under subsequent CBDT circular not applicable to pending appeals-Appeals disposed of-Circular No. 5\/2024, dated 15-3-2024.[S.119, 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64931","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gTh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64931"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64931\/revisions"}],"predecessor-version":[{"id":64932,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64931\/revisions\/64932"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}