2015 (2) TMI 632

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....DER (Delivered by R. Sudhakar, J.) The Revenue has filed these appeals challenging the order of the Income Tax Appellate Tribunal 'D' Bench, Chennai, dated 27.10.2006 made in I.T.(SS) A.Nos.87/Mds/2004 and 215/Mds/2003 for the block period 1.4.1989 to 27.10.1999, and the same were admitted on the following questions of law: "(a) Whether the Tribunal is right in deleting the additi....

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.... Act had taken place? 2. Even though these appeals were admitted on the questions of law, referred supra, we are not inclined to entertain these appeals in view of the preliminary objection made by the learned counsel for the respondent that the monetary limit to prefer an appeal is pegged at Rs. 4,00,000/- by the Central Board of Direct Taxes vide Instruction No.2 of 2005, dated 24.10.2005 rea....

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....ows: Description Amount in Rs. Renovation - Difference between Rs. 1,71,150/- and Rs. 2 Lakhs 28,850 Cost of construction of Nurses quarters - Difference between Rs. 2,50,000/- admitted by the assessee and Rs. 5,09,700/- added by the Assessing Officer 2,59,700 Total Income 2,88,550 Income Tax @ 60% 1,73,130 Add: Surcharge @ 10% 17,313 Total Tax Effect 1,90....