https://www.taxtmi.com/caselaws?id=262850 The High Court dismissed the appeal challenging the order for Assessment Year 1985-86 under Section 260A of the Income Tax Act, 1961. The court cited CBDT instructions on low tax effect appeals, emphasizing that appeals with a tax effect below Rs. 10 lacs should not be filed unless falling within an exclusion clause. As the disputed claim had a tax effect of less than Rs. 10 lacs and did not meet the exclusion criteria, the court dismissed the appeal without costs. The court also found that the questions raised regarding depreciation, investment allowance, and expenses on repairs and taxes were independent and not interlinked across assessment years. en-us Tue, 11 Aug 2015 00:00:00 +0530 Fri, 21 Aug 2015 07:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262850 The High Court dismissed the appeal challenging the order for Assessment Year 1985-86 under Section 260A of the Income Tax Act, 1961. The court cited CBDT instructions on low tax effect appeals, emphasizing that appeals with a tax effect below Rs. 10 lacs should not be filed unless falling within an exclusion clause. As the disputed claim had a tax effect of less than Rs. 10 lacs and did not meet the exclusion criteria, the court dismissed the appeal without costs. The court also found that the questions raised regarding depreciation, investment allowance, and expenses on repairs and taxes were independent and not interlinked across assessment years. Case-Laws Income Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262850