2018 (11) TMI 1828

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....ER PER AMARJIT SINGH, ACCOUNTANT MEMBER: This revenue's appeal for A.Y. 2010-11, arises from order of the ld.CIT(A), Valsad, dated 08/06/2017, in proceedings under section 143(3) of the Income Tax Act, 1961; in short "the Act". 2. The solitary grievance of the Revenue is that the ld. CIT(A) is right in quashing the assessment on the basis that the issue of undervaluation of stock is chang....

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....evenue is presented on 31/08/2017. On 11/07/2018 the CBDT has issued Instructions bearing No. 3 of 2018 under file No.F.No.279/Misc.142/2007-ITJ(Pt) prohibiting its subordinate authorities from filing of the appeal to the Tribunal against the order of the CIT(A) where the tax effect by virtue of the relief given by the CIT(A) is less than Rs. 20 lakhs. The instructions have been made applicable wi....