Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (7) TMI 1446 - AT - Income TaxMaintainability of appeal - monetary limit for filing the appeal by the department before ITAT - Held that:- CBDT vide Circular No.21/2015 dated 10th December, 2015 has revised the monetary limit to ₹ 10 Lacs for filing the appeal by the department before Income Tax Appellate Tribunal. Para 3 of the aforesaid Circular has been made applicable vide para 10 retrospectively. Considering the settled legal precedent that the Board’s instructions or directions issued to the Income Tax Authorities u/s 268A of the Income Tax Act, 1961 are binding on the authorities, the departmental appeal considering the material available on record is dismissed.
|