CIT vs. Virgo Marketing Pvt. Ltd (Supreme Court)
The Department filed an appeal u/s 260A in 2006 where the tax effect was less than Rs. 10 lakhs. The High Court, relying on
Instruction No. 3/2011 Dated 9-2-2011 (
which had been held to apply to pending appeals in CIT vs. Delhi Race Club Ltd) dismissed the appeal as not maintainable. The Department challenged the decision on the ground that
para 11 of Instruction No. 3/2011 Dated 9-2-2011 made it clear that it would apply only to appeals filed on or after 9.2.2011. HELD by the Supreme Court:
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