https://www.taxtmi.com/caselaws?id=259305 The Tribunal dismissed the Revenue's appeal, emphasizing the binding nature of CBDT instructions and Section 268A of the Income Tax Act, 1961. It held that the Revenue should not have filed the appeal before the Tribunal as the tax effect fell below the prescribed threshold, as per the retrospective effect of the statutory provision from 01/04/99. Citing decisions from the Hon'ble Punjab & Haryana High Court and the Hon'ble Delhi High Court, the Tribunal upheld the dismissal, underscoring the applicability of CBDT circulars to pending cases and the Revenue's non-compliance with monetary limits for filing appeals. en-us Thu, 12 Mar 2015 00:00:00 +0530 Thu, 07 May 2015 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259305 The Tribunal dismissed the Revenue's appeal, emphasizing the binding nature of CBDT instructions and Section 268A of the Income Tax Act, 1961. It held that the Revenue should not have filed the appeal before the Tribunal as the tax effect fell below the prescribed threshold, as per the retrospective effect of the statutory provision from 01/04/99. Citing decisions from the Hon'ble Punjab & Haryana High Court and the Hon'ble Delhi High Court, the Tribunal upheld the dismissal, underscoring the applicability of CBDT circulars to pending cases and the Revenue's non-compliance with monetary limits for filing appeals. Case-Laws Income Tax Thu, 12 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259305