High Court admits appeals on loss claim & evidence use in tax evasion cases for Assessment Years 2001-02, 2002-03 The High Court of Bombay admitted two appeals concerning Assessment Year 2001-02 and 2002-03 to address substantial legal questions regarding allowing the ...
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High Court admits appeals on loss claim & evidence use in tax evasion cases for Assessment Years 2001-02, 2002-03
The High Court of Bombay admitted two appeals concerning Assessment Year 2001-02 and 2002-03 to address substantial legal questions regarding allowing the respondent's loss claim and the use of evidence from JPC and SEBI in tax evasion matters. The Registry was instructed to convey the order to the Tribunal for necessary steps, with the case scheduled for hearing alongside other Income Tax Appeals.
The High Court of Bombay heard two appeals related to Assessment Year 2001-02 and 2002-03. The appeals were admitted based on substantial questions of law regarding the justification of allowing the respondent's claim of loss and the reliance on evidence from JPC and SEBI in tax evasion cases. The Registry was directed to communicate the order to the Tribunal for further action. The case is to be heard along with other Income Tax Appeals.
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