Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (8) TMI 527 - AT - Income TaxTax effect below prescribed limit - monetary limit for filing an appeal - Eligibility for deduction u/s 10(10C) – Held that:- CIT(A) had rightly analysed various judgements rendered vis-a-vis scheme of the Bank and condition mentioned in Rule 2BA and held that assessee is eligible for deduction u/s 10(10C) - all the requirements of Rule 2BA are satisfied - both circulars are not binding to the Tribunal – the tax effect involved in the appeal filed by the Revenue is less than ₹ 3 lacs, and therefore, the appeal is not maintainable - the appeal should not be entertained – Decided against Revenue.
|