https://www.taxtmi.com/caselaws?id=207529 The High Court upheld the validity of the Circular issued by the Central Board of Direct Taxes, emphasizing the exceptions for cases involving substantial questions of law. The Court clarified that while the Circular is binding on the Income-tax Officer, it may not necessarily bind the Appellate Authorities, Tribunals, Courts, or the assessee. The judgment allowed for flexibility in applying the monetary limits for filing appeals, particularly in cases of significant legal importance or recurring issues, providing the Department with the opportunity to present such cases for further review. en-us Tue, 01 Mar 2011 00:00:00 +0530 Thu, 15 Dec 2011 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207529 The High Court upheld the validity of the Circular issued by the Central Board of Direct Taxes, emphasizing the exceptions for cases involving substantial questions of law. The Court clarified that while the Circular is binding on the Income-tax Officer, it may not necessarily bind the Appellate Authorities, Tribunals, Courts, or the assessee. The judgment allowed for flexibility in applying the monetary limits for filing appeals, particularly in cases of significant legal importance or recurring issues, providing the Department with the opportunity to present such cases for further review. Case-Laws Income Tax Tue, 01 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207529