2015 (8) TMI 86

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....his appeal challenging the order of the Income Tax Appellate Tribunal 'C' Bench, Chennai, dated 16.02.007 made in I.T.A.No.599/Mds/2004 for the assessment year 2000-2001 and the same was admitted on the following question of law: "Whether, in the facts and circumstances of the case, the Tribunal was right in holding that the compensation received for delay in commencement of project is ....

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....ach case taken singly, i.e. In group cases, each case should individually satisfy the monetary limits and therefore cumulative tax effect cannot be taken into consideration. The Assessee submits that the Assessee does not fall within any of the exceptions provided in the instruction mandating the department to prefer an appeal. The total tax effect excluding interest is as follows: A.Y. Disp....

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....notification, instruction or circular is the subject-matter of an adverse order. (iii) Where prosecution proceedings are contemplated against the assessee. (iv) Where the constitutional validity of the provisions of the Act are under challenge." 5. The learned Standing Counsel for the Revenue is not disputing the fact that the tax effect in the present case is less than Rs. 4 Lakhs and th....