https://www.taxtmi.com/caselaws?id=332768 The Tribunal dismissed the Department's appeal against the deletion of a capital gain addition by the CIT(A) due to the tax effect falling below the prescribed limit of Rs. 10,00,000 as per CBDT Circular No. 21/2015. The Tribunal emphasized the binding nature of CBDT instructions on income-tax authorities, leading to the dismissal of the Department's appeal. Additionally, the Assessee's cross objection regarding deduction under Section 11(1A) of the Act was partially allowed by the CIT(A), with the Tribunal upholding the decision and dismissing the cross objection. en-us Tue, 02 Aug 2016 00:00:00 +0530 Mon, 26 Sep 2016 10:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332768 The Tribunal dismissed the Department's appeal against the deletion of a capital gain addition by the CIT(A) due to the tax effect falling below the prescribed limit of Rs. 10,00,000 as per CBDT Circular No. 21/2015. The Tribunal emphasized the binding nature of CBDT instructions on income-tax authorities, leading to the dismissal of the Department's appeal. Additionally, the Assessee's cross objection regarding deduction under Section 11(1A) of the Act was partially allowed by the CIT(A), with the Tribunal upholding the decision and dismissing the cross objection. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332768