2002 (12) TMI 556 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Amritsar dismissed the appeal by the Department and the cross objection by the assessee related to the assessment year 1988-89. The Department's appeal was dismissed due to the tax effect being less than Rs. 25,000 and being filed after the issuance of Instruction No. 1903 dated 28-10-1992. The Cross Objection filed by the assessee was also dismissed as infructuous.