Monetary limit for filing of appeals also applies to Pending References

Brief of the Case Bombay High Court held In the case of CIT vs. M/s. Sunny Sounds P. Ltd. that however these references are undoubtedly made by the tribunal, they emanate from an application by one of the parties before it , giving rise to the question of law requiring the opinion of the court. This in practice is similar to the statutory appeal under section 260A being filed by a party to the high court for the reason that, this appeal is not considered as a matter of right of the party but only if the court is satisfied that a substantial question of law arises and admits the appeal for ...