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2008 (8) TMI 343 - HC - Income TaxVoluntary retirement scheme – exemption u/s 10(10C) – appeal before high court – CBEC circular no. 279/126/98 dated 27.3.2000 – held that – decision of ITAT is not correct and liable to be set aside allowing the exemption to assessee – but - , the tax effect in one appeal is Rs. 1,49,913 and in another appeal is Rs. 1,83,480, which is below the tax effect fixed in Instruction 1979 Circular F. No. 279/126/98 dated March 27, 2000, wherein it has been stated that an appeal to the High Court could be filed by the Revenue only if the tax effect is more than Rs. 2 lakhs. - rejected the appeal filed by the Revenue on the premise that not only the tax effect involved was below the sum fixed in the circular but also the other qualifications prescribed therein were also not available to carve out and bring the case outside the purview of the circular
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