https://www.taxtmi.com/caselaws?id=9717 The High Court dismissed the appeal challenging the order of the Income-tax Appellate Tribunal on expenses claimed by the assessee for earning an incentive bonus. The Court held that the appeal, with a tax effect of less than Rs. 7,000, did not meet the revised monetary limit set by the Central Board of Direct Taxes for filing references/appeals to the High Court. Citing precedents, the Court emphasized that the Board's instructions were binding, aiming to reduce litigation in cases with minimal tax effects. Consequently, the High Court declined to entertain the appeal, following the policy decision to avoid unnecessary litigation in such cases. en-us Tue, 22 Aug 2006 00:00:00 +0530 Mon, 29 Jun 2009 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9717 The High Court dismissed the appeal challenging the order of the Income-tax Appellate Tribunal on expenses claimed by the assessee for earning an incentive bonus. The Court held that the appeal, with a tax effect of less than Rs. 7,000, did not meet the revised monetary limit set by the Central Board of Direct Taxes for filing references/appeals to the High Court. Citing precedents, the Court emphasized that the Board's instructions were binding, aiming to reduce litigation in cases with minimal tax effects. Consequently, the High Court declined to entertain the appeal, following the policy decision to avoid unnecessary litigation in such cases. Case-Laws Income Tax Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9717