Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2006 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (8) TMI 122 - HC - Income TaxMonetary limit for the Department for filing reference/appeal to the High Court - "Whether, Tribunal is correct in dismissing the appeal of the Revenue and confirming the order of the Commissioner of Income-tax (Appeals) as regards the expenses claimed by the assessee for earning the incentive bonus, other than the standard deduction?" - Instructions dated March 27, 2000, reflect the policy decision taken by the Board not to raise questions of law where the tax effect is less than the amount prescribed in the instructions with a view to reduce litigation before the High Courts and the Supreme Court. The circular is binding on the Revenue. There is no justification to proceed with the appeal having tax effect less than Rs. 7,000. - We, thus, do not think it necessary to entertain this appeal and answer the question raised by the appellant-Revenue.
|