Appeals should Not Be Filed in Cases Where Tax Effect not Exceeds Monetary Limits

BRIEF FACTS OF THE CASE AND QUESTION OF LAW Brief Facts and Question of Law: This appeal by the Department and the cross objection by the assessee are directed against the order dated 21/01/2010 of the Ld. CIT (A) Bareilly. The question of law arose in this case was that under the circumstances of the case, whether commissioner of Income Tax (Appeal), Bareilly was justified in deleting the addition made by the AO at Rs. 12 lakh u/s 69A of the IT Act 1961. CONTENTION OF THE ASSESSEE The contention of the assessee was that the tax effect in this appeal is less than Rs.4,00,000/-, therefore, the...