https://www.taxtmi.com/caselaws?id=234401 The appeal was dismissed as incompetent because the tax impact fell below the monetary limit set by the Board for filing appeals. The Tribunal's decision to delete the penalty for late filing of returns was upheld based on the acceptance of returns despite being filed beyond the prescribed limit. The judgment emphasized the importance of adhering to the Board's instructions to reduce unnecessary litigation and highlighted the binding nature of circulars issued by the Central Board of Direct Taxes. en-us Tue, 12 Feb 2013 00:00:00 +0530 Mon, 10 Jun 2013 09:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234401 The appeal was dismissed as incompetent because the tax impact fell below the monetary limit set by the Board for filing appeals. The Tribunal's decision to delete the penalty for late filing of returns was upheld based on the acceptance of returns despite being filed beyond the prescribed limit. The judgment emphasized the importance of adhering to the Board's instructions to reduce unnecessary litigation and highlighted the binding nature of circulars issued by the Central Board of Direct Taxes. Case-Laws Income Tax Tue, 12 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234401