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2016 (5) TMI 1483 - AT - Income TaxMaintainability of appeal - tax effect - monetary limit - Held that:- We find that the CBDT vide the aforesaid Circular dated 10.12.2015 has revised the monetary limit to ₹ 10 lakh 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, we dismiss the departmental appeal considering the material available on record. In view of the same, relying upon the aforesaid circular, the departmental appeal is dismissed
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