2019 (5) TMI 954

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..... ken up for admission, the learned Standing Counsel brought to our notice the Circular instruction issued by the Central Board of Direct Taxes vide Circular NO.3/2018 dated 11.7.2018 wherein it is stipulated that appeals shall not be filed/pursued by the Department before the High Court in cases where the tax effect does not exceed 50 lakhs. In the instant case, the tax effect is said to be less th .....

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..... Tax Appellate Tribunal is right in holding that the assessee was eligible for exemption under Section 11 of the Income Tax Act, on account of the income earned from running of the Kalyana Mandapam?" 2. When the matter is taken up for admission, the learned Standing Counsel brought to our notice the Circular instruction issued by the Central Board of Direct Taxes vide Circular NO.3/2018 dated .....

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