https://www.taxtmi.com/caselaws?id=75010 The High Court allowed the appeal by the Revenue challenging a private limited company's revised return for the assessment year 1996-97, reducing taxable income. The court considered the disputed claims of receipts, directing the deletion of additions made by the Assessing Officer based on lack of appeal against an earlier decision. The court emphasized the need for an independent examination of the appeal's merits and ordered a remand to the first appellate authority for reassessment, setting aside previous orders and allowing fresh assessment based on available evidence and legal provisions. en-us Mon, 05 Oct 2009 00:00:00 +0530 Tue, 16 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75010 The High Court allowed the appeal by the Revenue challenging a private limited company's revised return for the assessment year 1996-97, reducing taxable income. The court considered the disputed claims of receipts, directing the deletion of additions made by the Assessing Officer based on lack of appeal against an earlier decision. The court emphasized the need for an independent examination of the appeal's merits and ordered a remand to the first appellate authority for reassessment, setting aside previous orders and allowing fresh assessment based on available evidence and legal provisions. Case-Laws Income Tax Mon, 05 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75010