2006 (8) TMI 122

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..... e incentive bonus, other than the standard deduction?" - Instructions dated March 27, 2000, reflect the policy decision taken by the Board not to raise questions of law where the tax effect is less than the amount prescribed in the instructions with a view to reduce litigation before the High Courts and the Supreme Court. The circular is binding on the Revenue. There is no justification to proceed .....

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..... duction?" Heard the learned counsel for the appellant. Learned counsel for the appellant-Revenue invited our attention to the instructions issued by the Central Board of Direct Taxes, New Delhi, dated March 27, 2000, wherein the monetary limit for the Department for filing reference/appeal to the High Court earlier fixed for Rs. 50,000 came to be revised and fresh instructions are issued by th .....

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..... to raise questions of law where the tax effect is less than the amount prescribed in the instructions with a view to reduce litigation before the High Courts and the Supreme Court. The circular is binding on the Revenue. There is no justification to proceed with the appeal having tax effect less than Rs. 7,000. We, thus, do not think it necessary to entertain this appeal and answer the question .....

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