2017 (2) TMI 1371

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..../2017 Instant appeal is directed against order of the Income Tax Appellate Tribunal and indisputably the tax effect as brought to our notice, is less than Rs. 20 lac. A Circular No.21/2015 has been issued by the Central Board of Direct Taxes dated 10.12.2015 in exercise of its power u/sec. 268A (1) of the Income-tax Act 1961 in supersession of the Boards instruction No.5/2014 dt.10.7.2014 re....

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....ribed above. Filing of appeal in such cases is to be decided on merits of the case. 4.  xxx  xxx  xxx 5. xxx xxx xxx 6.  xxx  xxx  xxx 7. xxx  xxx xxx   8. Adverse judgments relating to the following issues should be contested on merits notwithstanding that the tax effect entailed is less than the m....

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....ect is not quantifiable or not involved, such as the case of registration of trusts or institutions under section 12 A of the IT Act, 1961, shall not be governed by the limits specified in para 3 above and decision to file appeal in such cases may be taken on merits of a particular case. 10. This instruction will apply retrospectively to pending appeals and appeals to be filed henceforth ....

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....t. 10/12/2015 and the tax effect which indisputably in the instant case is less than Rs. 20 lac, much less than what has been prescribed for filing appeals before the High Courts, deserves to be dismissed as not pressed. However, it is made clear that the substantial questions of law raised in the instant appeal, if any, are left open to be examined in an appropriate proceeding, if arises in futur....