https://www.taxtmi.com/caselaws?id=68298 The first appellate order granting relief under section 68 of the Act was challenged by the Revenue. The CIT(A) partially allowed the additions made by the Assessing Officer under section 68, based on the nature of transactions and the assessee's maintained accounts. The CIT(A) upheld the deletion of certain amounts, considering them as trade advances deposits. The Department's appeal was dismissed by the Tribunal citing CBDT instructions, which have statutory recognition under section 268A of the Act, regarding the tax effect limit for filing appeals. en-us Mon, 30 Jun 2008 00:00:00 +0530 Sat, 03 Sep 2011 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68298 The first appellate order granting relief under section 68 of the Act was challenged by the Revenue. The CIT(A) partially allowed the additions made by the Assessing Officer under section 68, based on the nature of transactions and the assessee's maintained accounts. The CIT(A) upheld the deletion of certain amounts, considering them as trade advances deposits. The Department's appeal was dismissed by the Tribunal citing CBDT instructions, which have statutory recognition under section 268A of the Act, regarding the tax effect limit for filing appeals. Case-Laws Income Tax Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68298