https://www.taxtmi.com/caselaws?id=180305 A departmental reference application under the Income-tax Act was not barred merely because a circular prescribed a monetary limit for references below the tax-effect threshold. Applying its earlier view, the HC held that such a policy circular does not prevent the Department from pursuing a reference if it elects to do so. The assessee's objection based on the circular was rejected, and the Tribunal was directed to state the proposed questions for the Court's opinion. The reference application was therefore entertained in favour of the Revenue. en-us Mon, 28 Apr 2003 00:00:00 +0530 Mon, 21 Mar 2016 11:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180305 A departmental reference application under the Income-tax Act was not barred merely because a circular prescribed a monetary limit for references below the tax-effect threshold. Applying its earlier view, the HC held that such a policy circular does not prevent the Department from pursuing a reference if it elects to do so. The assessee's objection based on the circular was rejected, and the Tribunal was directed to state the proposed questions for the Court's opinion. The reference application was therefore entertained in favour of the Revenue. Case-Laws Income Tax Mon, 28 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180305