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TMI Blog2019 (12) TMI 1662X X X X Extracts X X X X X X X X Extracts X X X X ..... oard s instructions or directions issued to the Income-tax authorities are binding on those authorities, therefore, the Department should have withdrawn/not pressed the present appeal in view of the aforesaid instruction since the tax effect in the instant appeal is less than the amount of Rs. 50 lakhs. The appeal is not maintainable in the instant case as the tax effect is less than Rs. 50 lakhs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the CBDT. 3. We have heard the contention and perused the material on record. We find that the CBDT vide Circular No. 17/2019 dated 08th August 2019 has enhanced the monetary limit for filing the appeal by the department before Income Tax Appellate Tribunal, Hon'ble High Courts and Hon'ble Supreme Court. The relevant para of the aforesaid circular is reproduced as under :- "2. As a step towa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... para: "5. The Assessing Officer shall calculate the tax effect separately for every assessment year in respect of the disputed issues in the case of every assessee. If, in the case of an assessee. the disputed issues arise in more than one assessment year, appeal can be filed in respect of such assessment year or years in which the tax effect in respect of the disputed issues exceeds the mo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ues under section 268A of the Income-tax Act, 1961." 4. We find that the tax effect involves in the appeal of the Revenue is below Rs. 50 lakhs. There is no dispute that the Board's instructions or directions issued to the Income-tax authorities are binding on those authorities, therefore, the Department should have withdrawn/not pressed the present appeal in view of the aforesaid instruction sin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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