SC Asks HC to consider whether Low Tax Effect Circular has retrospective effect

Income Tax  Department filed an appeal u/s 260A in 2006 where the tax effect was less than Rs. 10 lakhs.  High Court, relying on Instruction No. 3/2011 Dated 9-2-2011  dismissed the appeal as not maintainable. Income Tax  Department  challenged the decision on the ground that para 11 of Instruction No. 3/2011 Dat

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