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2011 (8) TMI 137 - SCH - Income Tax
Liberty is given to the Department to move the High Court pointing out that the Circular dated 9th February, 2011, (regarding monetary limit of appeals by the Department) should not be applied ipso facto, particularly, when the matter has a cascading effect - The special leave petition is, disposed of. Earlier, Delhi High court dismissed the revenue appeal on the ground that the amount involved is less than ₹ 10 Lakhs vide its order dated 21-2-2011
The Supreme Court of India in 2011 (8) TMI 137 - SC Order, allowed the Department to challenge the application of a Circular dated 9th February, 2011, in cases under the Income-Tax Act, 1961, with a cascading effect. The Department was granted liberty to move the High Court within two weeks to address this issue.