2007 (5) TMI 222

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.... 86,000. 2. Our attention has been drawn to Instruction No. 1979 dated March 27, 2000 issued by the Government of India, Ministry of Finance, Department of Revenue (the Central Board of Direct Taxes). This Instruction pertains to monetary limits for filing departmental appeals/references before the Income-tax Appellate Tribunal, High Courts and Supreme Court. The Instruction also concerns measure....

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....was subsequently modified by Instruction No. 1985 dated June 29, 2000. The expression "each case taken singly" has been explained to mean that if a case pertaining to two (or more) assessment years is decided, the monetary limit in Instruction No. 1979 would apply taking together both (or more) assessment years. 5. A further Instruction being Direct Tax Instruction No. 2 dated October 24, 2005, h....

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....nalty proceedings, is pending consideration in this court and, therefore, this appeal should be entertained, regardless of the low tax effect. 8. We are of the view that the entire purpose of the Instructions referred to above is to reduce litigation and if the argument of learned counsel for the Revenue is accepted then, even in a case where the tax effect may be Rs. 10 or Rs. 15, the High Court....