The monetary limit provided by Board Circular dated 27 March 2000 applies even to old references which are still pending and are undecided

High Court of Madhya Pradesh ITR No. 38/98 Decided on: 24 February 2011 Judgment It is a reference by the Income Tax Appellate Tribunal, Jabalpur Bench, Jabalpur in Case No. R.A. No.63/Jab/1992 by which following question has been referred for the opinion of this Court u/s 256(2) of the Income Tax Act 1961: “Whether on the facts and in the circumstances of the case, the I.T.A.T. Was justified in confirming the order of the DCIT(A) deleting the amount of Rs.1,38,000/- on the basis of finding given by the Tribunal vide order dated 25.9.1989 when the said order was not in confo...