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2015 (6) TMI 977 - ITAT DELHILow tax effect - maintainability of appeal - Held that:- As per the latest CBDT Instruction No. 5/2014 dated 10.7.2014, the Revenue is not supposed to prefer appeal having tax effect below ₹ 4 lacs against the First Appellate Order before the ITAT. This instruction regarding the pecuniary limit for preferring the appeal before the ITAT by the Revenue has now statutory force under sec. 268A of the Income-tax Act, 1961. Thus, present appeal has been preferred by the Revenue in violation of the said instruction as the said instruction is also applicable in the pending appeals as per the decisions of Hon’ble jurisdictional Delhi High Court in the case of CIT vs. M/s. P.S. Jain & Co. [2010 (8) TMI 702 - Delhi High Court] and in the case of CIT vs. Delhi Race Club Ltd. [2011 (3) TMI 1488 - High Court of Delhi ] .The present appeal is thus not maintainable and it is dismissed as such. - Decided against revenue
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