https://www.taxtmi.com/caselaws?id=121034 The court dismissed the appeal by the revenue department as the tax effect was below the prescribed limit of Rs. 2 lakhs, in accordance with CBDT instructions and legal precedents. The judgment emphasized the mandatory nature of CBDT instructions on income-tax authorities, citing various judicial precedents and highlighting the duty of revenue authorities to comply with policy decisions to reduce litigation and costs. The decision underscored the importance of judicial continuity and adherence to executive instructions on tax authorities, ultimately upholding the dismissal of the appeal. en-us Thu, 26 Jul 2007 00:00:00 +0530 Thu, 26 Jul 2012 11:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121034 The court dismissed the appeal by the revenue department as the tax effect was below the prescribed limit of Rs. 2 lakhs, in accordance with CBDT instructions and legal precedents. The judgment emphasized the mandatory nature of CBDT instructions on income-tax authorities, citing various judicial precedents and highlighting the duty of revenue authorities to comply with policy decisions to reduce litigation and costs. The decision underscored the importance of judicial continuity and adherence to executive instructions on tax authorities, ultimately upholding the dismissal of the appeal. Case-Laws Income Tax Thu, 26 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121034