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TMI Blog2015 (1) TMI 93X X X X Extracts X X X X X X X X Extracts X X X X ..... ssued by the CBDT on 10.7.2014 is applicable to the pending appeals. The Tribunal followed the dictum laid down the judgments of the various High Courts including the two judgments of the Hon’ble Jurisdictional High Court in the case of CIT vs. M/s. P.S. Jain & Co. in [2010 (8) TMI 702 - Delhi High Court] and in the case of Commissioner of Income Tax vs. Delhi Race Club Ltd. [2011 (3) TMI 1488 - H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge George K,JJ. For the Appellant : Smt. Parvinder Kaur, DR For the Respondent : Shri V. M. Chaurasia, Advocate ORDER Per George George K, Judicial Member This appeal by the revenue and the cross objection by the assesse arise out the CIT(A) order dated 16.4.2010. The relevant asstt. Year is 2002-03. 2. In the revenue s appeal the challenge is with reference to deletio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. Ld. DR present was duly heard. 5. We have heard rival submissions and perused the material on record. The Tribunal in the case of Deputy Commr.Of Income Tax vs. Sushila Saraogi (supra) after considering the precedents on the subject held instruction No. 5/14 issued by the CBDT on 10.7.2014 is applicable to the pending appeals. The Tribunal followed the dictum laid down the judgments of the v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on No. 5 / 2014) for filing an appeal despite the monetary limit being below the prescribed limit. 6. Since the revenue s appeal is dismissed in liminee the asessee s cross objection is not taken up for adjudication. 7. In the result appeal of the revenue and cross objection of the assessee are dismissed. This decision was pronounced in the Open Court on 13th November, 2014. - - TaxTM ..... X X X X Extracts X X X X X X X X Extracts X X X X
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