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2014 (2) TMI 1081 - AT - Income TaxDeleting the disallowance of interest – Held that:- The CBDT instruction No.3 of 2011 dated 9.2.2011 followed - The Assessing Officer shall calculate the tax effect separately for every assessment year in respect of the disputed issues in the case of every assessee - In a case where appeal before a Tribunal or a Court is not filed only on account of the tax effect being less than the monetary limit, the Commissioner of Income-tax shall specifically record that “even though the decision is not acceptable, appeal is not being filed only on the consideration that the tax effect is less than the monetary limit specified in this instruction” – these appeals have been filed by department on 11.2.2012 and the tax effect in both the appeals is of Rs.1,71.663/- and Rs.1,76,354/-, respectively, the above instructions of CBDT are applicable and the appeals filed by department are liable to be dismissed as the tax effect in these appeals are below Rs.3 lakhs - Decided against Revenue.
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