https://www.taxtmi.com/caselaws?id=57065 The Tribunal determined that CBDT instructions are binding on Income-tax authorities. It concluded that the Punjab & Haryana HC's observations in the Rani Paliwal case were non-binding passing remarks. Additionally, the Tribunal found that the issues raised by the Revenue in Miscellaneous Applications were not rectifiable under section 254(2) due to their debatable nature. Consequently, the Miscellaneous Applications were referred to the Regular Bench for final disposal to assess if the tax effect exceeds the Board's prescribed monetary limit. en-us Sat, 14 Feb 2004 00:00:00 +0530 Tue, 25 Jun 2024 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57065 The Tribunal determined that CBDT instructions are binding on Income-tax authorities. It concluded that the Punjab & Haryana HC's observations in the Rani Paliwal case were non-binding passing remarks. Additionally, the Tribunal found that the issues raised by the Revenue in Miscellaneous Applications were not rectifiable under section 254(2) due to their debatable nature. Consequently, the Miscellaneous Applications were referred to the Regular Bench for final disposal to assess if the tax effect exceeds the Board's prescribed monetary limit. Case-Laws Income Tax Sat, 14 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57065