https://www.taxtmi.com/caselaws?id=185348 The High Court upheld the Income Tax Appellate Tribunal's decision not to entertain the Revenue's appeal regarding unexplained deposits in the Assessee's bank account. The Court emphasized the insignificant tax effect, the burden on the Tribunal, Courts, and the Assessee, and the avoidable expenses involved. The High Court dismissed the Revenue's appeal, stating that no substantial legal question arose in the context of the block assessment, as the disputed amounts were below Rs. 1 lac and the Tribunal had correctly followed CBDT instructions. en-us Wed, 01 Aug 2007 00:00:00 +0530 Wed, 10 Aug 2016 12:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185348 The High Court upheld the Income Tax Appellate Tribunal's decision not to entertain the Revenue's appeal regarding unexplained deposits in the Assessee's bank account. The Court emphasized the insignificant tax effect, the burden on the Tribunal, Courts, and the Assessee, and the avoidable expenses involved. The High Court dismissed the Revenue's appeal, stating that no substantial legal question arose in the context of the block assessment, as the disputed amounts were below Rs. 1 lac and the Tribunal had correctly followed CBDT instructions. Case-Laws Income Tax Wed, 01 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185348