2015 (10) TMI 1440

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..... als filed by the Revenue in the month of February, 2014 is less than the monetary limit of ₹ 3 lakhs prescribed by the CBDT vide Instruction dated 09.02.2011 (supra) and the same being in contravention of the said instruction issued by the CBDT which have attained a statutory status as a consequence of the insertion of the section 268A in the Income-Tax Act, 1961 as held by the Hon’ble Punja .....

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..... come as against income from house property as treated by the AO. 2. I have heard the arguments of both the sides and also perused the relevant material records. As pointed out by the ld. Counsel for the assessee at the outset, the tax effect involved in each of these four appeals preferred by the Revenue is less than the monetary limit of ₹ 3 lakhs fixed by the CBDT vide Instruction no.3/ .....

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..... emed to have attained statutory status and there can be no dispute that every requirement under the mandate of law leads to a consequential statutory obligation to comply with the requirement . In the case of Oskar Laboratories Pvt. Ltd. (supra) before the Hon ble Punjab Haryana High Court, the appeal filed by the Revenue before the Tribunal involved the tax effect of less than the monetary lim .....

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