Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (12) TMI 526 - RAJASTHAN HIGH COURTAdmissibility of appeal of revenue Low tax effect Validity of Boardss instruction Held that:- The circular issued by the CBDT has statutory force as per the provisions of Section 268A(1) of the Act of 1961 - orders, instructions or directions issued time to time by CBDT fixing monetary limits for the purpose of regulating filing of appeal or application for reference by any Income Tax Authorities under the provisions of Chapter-XX are binding the same has also been decided in Kandhari and Kandhari (P) Ltd. Versus ITAT and Ors. [2012 (10) TMI 389 - Rajasthan High Court] after considering the tax effect involved, the appeal should not have been filed by the department the order of the Tribunal is upheld as no substantial question of law arises for consideration Decided against revenue.
|