TaxTMI 
TaxTMI 
2019 (9) TMI 209
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....AT<br>Dated:- 19-8-2019<br>ITA No. 4276/Del/2016, ITA No. 3955/Del/2012, ITA No. 2301/Del/2015, ITA No. 4277/Del/2016, ITA No. 5988/Del/2015, ITA No. 5996/Del/2015, ITA No. 5849/Del/2015 - -<br>Income Tax<br>SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER AND SHRI K.N.CHARY, JUDICIAL MEMBER For the Appellant : Shri Amit Katoch, Sr. DR, Shri Vinay Kumar Karan, CIT DR For the Respondent : Shri Kundan W....
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.... No. 17/2019 dated 08th August 2019 has enhanced the monetary limit for filing the appeal by the department before Income Tax Appellate Tribunal, Hon'ble High Courts and Hon'ble Supreme Court. The relevant para of the aforesaid circular is reproduced as under :- "2. As a step towards further management of litigation, it has been decided by the Board that monetary limits for filing of appeals in ....
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....the disputed issues in the case of every assessee. If, in the case of an assessee. the disputed issues arise in more than one assessment year, appeal can be filed in respect of such assessment year or years in which the tax effect in respect of the disputed issues exceeds the monetary' limit specified in para 3. No appeal shall be filed in respect of an assessment year or y ears in which the t....
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....e is below Rs. 50 lakhs. There is no dispute that the Board's instructions or directions issued to the Income-tax authorities are binding on those authorities, therefore, the Department should have withdrawn/not pressed the present appeal in view of the aforesaid instruction since the tax effect in the instant appeal is less than the amount of Rs. 50 lakhs. The issue of applicability of the above ....