Commissioner Of Income Tax-I vs. M/S Jyoti Overseas Ltd.

1 I .T.A. No.87/2009

04/02/2016 :- Shri R.L. Jain, learned senior counsel assisted by Ms. Veena Mandlik, learned counsel for the appellant. Shri Ashish Goyal, learned counsel for the respondent. Since the monetary limit involved in this appeal pertaining to Assessment period 1996-1997 is less than Rs.20,00,000/-, in view of the Circular dated 10th of December, 2015, issued under the signature of Commissioner of Income Tax (AJ), C.B.D.T., Government of India, New Delhi which is placed on record, this appeal is disposed of leaving questions of law open. (P.K. Jaiswal)

(J.K.Jain) Judge Judge Aiyer*