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2016 (1) TMI 1445 - AT - Income TaxMaintainability of appeal - low tax effect - HELD THAT:- It is well settled proposition that the circulars issued by the CBDT are binding on the Income Tax Authorities. For this proposition, one may gainfully refer to the decisions in the case of Azadi Bachao Andolan [2003 (10) TMI 5 - SUPREME COURT] and Pradip J Mehta Vs. CIT [2008 (4) TMI 6 - SUPREME COURT]. Hence, the latest circular issued by the CBDT (referred supra) is binding on the income tax authorities. Accordingly, we find merit in the submissions of Ld A.R that this appeal of the revenue is not maintainable, since tax effect involved in this appeal is less than ₹ 10 lakhs. Accordingly, we dismiss the appeal filed by the revenue.
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