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TMI Blog2019 (1) TMI 456X X X X Extracts X X X X X X X X Extracts X X X X ..... s/ Corelynx Solutions Pvt. Ltd., Shri Kalyan Sen, Shri Santosh Prasad, M/s Foto Industries 13 And M/s. M. Ramdeo & Co. (Bhatter), 23 X X X X Extracts X X X X X X X X Extracts X X X X ..... t in CBDT's latest Circular No. 3/2018 dated 11.07.2018. It will be pertinent to reproduce the relevant portion of the said Circular No. 3/2018 dated 11.07.2018:- "3 . Henceforth, appeals/ SLPs shall not be filed in cases where the tax effect does not exceed the monetary limits given hereunder: Sl. No. Appeals/SLP's in Income-tax matters Monetary Limit (in Rs) 1. Before Appellate Tribunal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bility of interest itself is in dispute. In case the chargeability of interest is the issue under dispute, the amount of interest shall be the tax effect. In cases where returned loss is reduced or assessed as income, the tax effect would include notional tax on disputed additions. In case of penalty orders, the tax effect will mean quantum of penalty deleted or reduced in the order to be appealed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ficiently to catch hold of big fishes, who in turn would contribute more to the development of the country. 3.2. On perusal of the Circular No. 3/2018 dated 11.07.2018 and the materials available on record, we do not see these cases falling under any of the exceptions contemplated in the said circular per se. We also find that this circular makes it very clear that the revised monetary limits sha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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