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2012 (4) TMI 229 - BOMBAY HIGH COURTInstruction No.3 of 2011 dated 9th February, 2011 - Appeal shall not be filed in the High Court under section 260A of the Income Tax Act where the tax effect does not exceed a sum of Rs.10 Lacs.– assessee submits that the appeal has been filed prior to the issuance of circular dated 9th February, 2011, therefore, the circular does not apply to the present case – Held that:- the circular has a retrospective operation and instructions contained in the circular would apply even to the pending cases as decided in Commisisoner of Income Tax V/s Smt. Vijaya V. Kavekar -2007 - TMI - 71366 - ITAT PUNE-A – held against assessee the appeal has a cascading effect and should be entertained – Held that:- the matter was adjourned once to enable assessee to point out whether similar question is involved in any other appeal. Till today, the learned counsel was unable to point out a single other case in which similar question is involve - Appeal is accordingly dismissed.
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