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2015 (12) TMI 1677 - HC - Income TaxMonetary limit - maintainability of appeal - Applicability of provision of Section 50C to depreciable assets covered under Section 50 - Held that:- Since the tax effect in this appeal is below the monetary limit as per Circular which has been issued with retrospective effect and as Mr.Dudhoria submits that he has no written instruction from the Department for withdrawing this appeal and as the said Circular No. 21 of 2015 dated 10th December, 2015, in view of Section 119(1) is binding on the departmental authority, the appeal is treated to be dismissed as withdrawn.
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