https://www.taxtmi.com/caselaws?id=172996 The High Court dismissed the Department's appeal under Section 260A of the Income-Tax Act, 1961, challenging the ITAT judgment for the assessment year 2004-05. The Court upheld the ITAT's decision, emphasizing that the tax effect was less than the threshold set by C.B.D.T. Instruction No. 5/2008. It noted that the assessee, benefiting from Section 80P, would face no tax demand even if the disallowed amount was included. The Court found no need to interfere with the lower authorities' findings, ruling in favor of the assessee and dismissing the department's appeal. en-us Wed, 23 Oct 2013 00:00:00 +0530 Mon, 07 Sep 2015 11:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172996 The High Court dismissed the Department's appeal under Section 260A of the Income-Tax Act, 1961, challenging the ITAT judgment for the assessment year 2004-05. The Court upheld the ITAT's decision, emphasizing that the tax effect was less than the threshold set by C.B.D.T. Instruction No. 5/2008. It noted that the assessee, benefiting from Section 80P, would face no tax demand even if the disallowed amount was included. The Court found no need to interfere with the lower authorities' findings, ruling in favor of the assessee and dismissing the department's appeal. Case-Laws Income Tax Wed, 23 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172996