2016 (5) TMI 1483

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..... 0.12.2015 has revised the monetary limit to 10 lakh for filing the appeal by the department before Income Tax Appellate Tribunal. 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 autho .....

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..... serves to be dismissed. Vide Ground No.1, it was submitted the Revenue is assailing deletion of G.P. addition of ₹ 6,57,641/-; in Ground No.2, an addition of ₹ 1 lacs is assailed; and in Ground No.3 the relief of ₹ 1,82,594/- made by the CIT(A) is assailed by the Revenue. The total tax effect it was submitted is less than ₹ 10 lacs. 2.1. The Ld. Sr.DR, Mr. K.K.Jaiswal cons .....

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