Monetary limit prescribed by CBDT for filing of appeal by revenue

RELEVANT PARAGRAPHS: 9. Having considered the contentions, in our opinion, the instructions cannot be interpreted as a Statute though it is pursuant to the power conferred under Section 268-A of the Income Tax Act. What the Court has to consider is the plain language of the paragraph and the object behind the said provisions. The object appears to be not to burden courts and Tribunals in respect of matters where the tax effect is less than the limit prescribed. Even before this instruction CBDT has been issuing instruction, the last one being on 24th October, 2005 where the monetary limit has...