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2013 (1) TMI 155 - HC - Income TaxBogus cash credit - reopening of assessment - Held that:- No appeal is required to be filed when tax effect is less than Rs. 2 lakhs. The conditions mentioned in Clause-3 of the Circular dated 27.3.2000 i.e. where prosecution proceedings are contemplated against the assessee, are not attracted in this appeal. The circular has been issued by the Central Board of Direct Taxes and is binding upon the Department. In view of the aforesaid circular, the appeal is not maintainable and is dismissed as such.
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