https://www.taxtmi.com/caselaws?id=182316 The court returned the reference unanswered as the tax effect was less than Rs. 4 lakhs for the assessment year 1988-89. Emphasizing adherence to tax authorities' instructions, the court aimed to reduce litigation costs and case pendency, aligning with the Central Board of Direct Taxes' objectives. The decision highlighted the importance of a consistent policy for old matters to streamline the appeal process and alleviate the burden on the judicial system. en-us Fri, 24 Jul 2015 00:00:00 +0530 Sat, 07 May 2016 10:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182316 The court returned the reference unanswered as the tax effect was less than Rs. 4 lakhs for the assessment year 1988-89. Emphasizing adherence to tax authorities' instructions, the court aimed to reduce litigation costs and case pendency, aligning with the Central Board of Direct Taxes' objectives. The decision highlighted the importance of a consistent policy for old matters to streamline the appeal process and alleviate the burden on the judicial system. Case-Laws Income Tax Fri, 24 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182316