2016 (5) TMI 1483

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..... 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 circul .....

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..... ssed. Vide Ground No.1, it was submitted the Revenue is assailing deletion of G.P. addition of ₹ 6,57,641/-; in Ground No.2, an addition of ₹ 1 lacs is assailed; and in Ground No.3 the relief of ₹ 1,82,594/- made by the CIT(A) is assailed by the Revenue. The total tax effect it was submitted is less than ₹ 10 lacs. 2.1. The Ld. Sr.DR, Mr. K.K.Jaiswal considering the depa .....

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