CBDT Circular specifying Tax effects for appeal filing applies even to pending matters

DIT Vs. S. R. M. B. Dairy Farming (P) Ltd. (Supreme Court) In the present proceedings, we are concerned with the implementation of Instruction No. 3 of 2011 dated 9.2.2011, providing for appeals not to be filed before the High Court(s) where the tax impact was less than Rs. 10 lakh. It also contains certain other conditions which will be reverted to later, but suffice to say that this Instruction was in super session of the earlier Instruction No. 1979 of 2000 dated 27.3.2000 where the limit of the tax effect was Rs. 4 lakh. The Instruction/ Circular in question is stated to have a prospective...