2012 (6) TMI 624

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....amachandran Nair, J. - All these appeals are filed by the Revenue on 21.5.2008. When the appeals were taken up for hearing, counsel for the respondents referred to Section 268 A of the Income Tax Act and Circular dated 18.5.2008 issued by the Central Board of Direct Taxes wherein appeals by Revenue is maintainable before this Court only if tax effect is above Rs. 4 lakhs. In none of these cases, ....

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....ity raised by the respondents and proceed to consider the appeals on merits. 3. The issue raised is squarely covered by our judgments in the five appeals decided today, i.e., I.T. Appeal Nos. 596, 708, 1122, 1273 & 1464 of 2009. Following the said judgments, we allow the Departmental Appeals by reversing the orders of the Tribunal and that of the first appellate authority, by restoring the assess....