2016 (7) TMI 1446

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... unal. Para 3 of the aforesaid Circular has been made applicable vide para 10 retrospectively. Considering the settled legal precedent that the Board’s instructions or directions issued to the Income Tax Authorities u/s 268A of the Income Tax Act, 1961 are binding on the authorities, the departmental appeal considering the material available on record is dismissed. - I.T.A .No.-4245/Del/2014 - - - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sh and no details of parties to whom sales were made furnished and the profit shown by the assessee was not verifiable. 3. The appellant craves leave to add, amend any/all the grounds of appeal before or during the course of hearing of the appeal. 2. Ld.AR addressing the fact submitted that the tax effect involved is less than ₹ 10 Lacs accordingly relying on the CBDT Circular No.21/2 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oved an adjournment petition stating that the CIT DR is not available, time was afforded to the Revenue. On the next date also, a similar adjournment petition was moved on behalf of the Revenue. Since an opportunity had already been given to the Revenue to make alternate arrangements accordingly after requiring the Ld.Sr.DR to verify the tax effect involved who stated that the calculation were cor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X