Revenue's Appeal Dismissed: Consistent Rulings Favor Assessee for AY 1994-95, Following Past Dismissals for AY 1992-94.

The Delhi HC dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's order for AY 1994-95. The Court observed that similar appeals by the Revenue concerning the same Assessee for AY 1992-93 and AY 1993-94 had been previously dismissed. Thus, the decision favored the Assessee and was against the Revenue.

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The Delhi High Court dismissed the appeal filed by the Revenue against the order of the Income Tax Appellate Tribunal for the Assessment Year 1994-95. The Court noted that previous appeals by the Revenue for the same Assessee for AY 1992-93 and AY 1993-94 had been dismissed. Consequently, the Court ruled in favor of the Assessee and against the Revenue.

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