Monetary limits for appeal-Application of circular to pending cases also

Monetary limits for appeal – Circular 3/2011-Shyam biri works(All HC) 6.5.15 57 TMC 157-Application of circular to pending cases also. Other favorable cases  1)Ranka and Ranka(kar)352 ITR 121 2)Pithwa Engg. works (bom) 276 ITR  519 3)Camco color 254 ITR  565 4)Smt Vijay Kavekar 350 ITR 237 5)Madhokar  Inamdar 318 ITR 149 6)Vitesses tag co. 331 ITR 433 7)P.S .Jain and co. 335 ITR 591(del hc) 8)Ashok Kumar Manibhai Patel 317 ITR 386 Unfavorable Decisions Shambubhai Mahadev Ahir 363 ITR 572(Guj FB) Varinder construction co. 331 ITR 449 (FB)(P&H) Kodanand Tea Estate 275 ITR 244 (MAD) John  Chackola 337 ITR 385 (Ker) Navbharat Explosive 337 ITR (36) 515 Chatissgarh Held Circular has to be read with national litigation policy Whose purpose is to reduce litigation period from fifteen years to three years so that valuable time can be spared for contentious issues. -Full bench of Guj & P&H  HC have not considered national litigation policy and Hence high courts applied literal interpretation of circular. -CBDT Circular make no effort to review pending cases. - Since this is beneficial piece of legistation, pendulum is tilled more in favour of assessee and impels courts to interpret the provisions harmoniously with national litigation policy. - Hence circular held applicable to pending cases also.