TMI Blog2019 (3) TMI 296X X X X Extracts X X X X X X X X Extracts X X X X ..... - HELD THAT:- the question of law has now been settled by the Honourable Supreme Court [2016 (1) TMI 826 - SUPREME COURT OF INDIA]. Repeated instances of such question of law arising does not arise at all, since the Wealth Tax Act is no more in force. The extant litigation policy which restrains the Department from taking up any appeal under Section 260A; if the demand is less than Rupees Fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SR. COUNSEL, GOI(TAXES) SRI. JOSE JOSEPH SC FOR INCOME TAX For The Respondent : ADVS. SRI. BECHU KURIAN THOMAS (SR. ) FOR ADDL. R2 AND SRI. PAUL JACOB (P) JUDGMENT Vinod Chandran, J . Sri. Bechu Kurian Thomas, learned Senior Counsel appearing for the second additional respondent submits that even as per the instructions of the Department as existing at the point o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ary limit of ₹ 4 lakhs for appeals to be filed under Section 260A of the Income Tax Act, 1961. This also applies to individual appeals and not to collective demands in various assessment years. Individual appeals raise a far lesser amount, but however, the learned Senior Counsel admits that the total liability would be slightly above ₹ 6 lakhs in all these assessment years. The learned ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... having expired in the year 2010, the refund orders as per the order of the Tribunal having been issued, and also that the monetary limit is less than that prescribed under Annexure-D circular, we are of the opinion that though the question of law has to be answered in favour of the Revenue and against the assessee, there need be no recovery steps taken for reason of the appeals being below the mo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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