https://www.taxtmi.com/caselaws?id=121025 The Tribunal upheld the CIT (Appeals) decision to delete an addition of Rs. 3,75,885 on account of property valuation. The Tribunal dismissed the revenue's appeal, noting the tax effect was below Rs. 2 lakhs, contrary to CBDT Instruction No. 2, which prohibits appeals below this threshold to reduce unnecessary litigation. The Tribunal emphasized the binding nature of the instruction on departmental authorities and cited judicial precedents supporting this stance. The appeal was ultimately dismissed, affirming the deletion of the addition and upholding the CIT (Appeals) decision. en-us Fri, 03 Aug 2007 00:00:00 +0530 Thu, 26 Jul 2012 11:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121025 The Tribunal upheld the CIT (Appeals) decision to delete an addition of Rs. 3,75,885 on account of property valuation. The Tribunal dismissed the revenue's appeal, noting the tax effect was below Rs. 2 lakhs, contrary to CBDT Instruction No. 2, which prohibits appeals below this threshold to reduce unnecessary litigation. The Tribunal emphasized the binding nature of the instruction on departmental authorities and cited judicial precedents supporting this stance. The appeal was ultimately dismissed, affirming the deletion of the addition and upholding the CIT (Appeals) decision. Case-Laws Income Tax Fri, 03 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121025