https://www.taxtmi.com/caselaws?id=196073 The High Court of Calcutta dismissed the appeal under Section 260A of the Income Tax Act, 1961, regarding eligibility for deduction under Section 10B. Despite the tax effect falling below the monetary limit set by a CBDT circular, the Court, following the circular's provisions and the binding nature of Section 119(1) of the Act, treated the appeal as dismissed due to the absence of written instructions for withdrawal and the appeal not meeting the exceptions outlined in the circular. The Court clarified that the dismissal was solely based on the circular's provisions, without considering the merits of the case. en-us Wed, 16 Dec 2015 00:00:00 +0530 Sat, 18 Nov 2017 12:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196073 The High Court of Calcutta dismissed the appeal under Section 260A of the Income Tax Act, 1961, regarding eligibility for deduction under Section 10B. Despite the tax effect falling below the monetary limit set by a CBDT circular, the Court, following the circular's provisions and the binding nature of Section 119(1) of the Act, treated the appeal as dismissed due to the absence of written instructions for withdrawal and the appeal not meeting the exceptions outlined in the circular. The Court clarified that the dismissal was solely based on the circular's provisions, without considering the merits of the case. Case-Laws Income Tax Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196073