https://www.taxtmi.com/caselaws?id=211686 The High Court held in favor of the Revenue, finding the Tribunal's order deleting the Rs. 1.50 crore addition under Section 40(a)(ia) as perverse for failing to consider material evidence. The Court remitted the case back to the Tribunal for fresh consideration, directing review of the assessee's reply and other relevant evidence. The parties were scheduled to appear before the Tribunal for further proceedings. en-us Wed, 21 Mar 2012 00:00:00 +0530 Mon, 02 Apr 2012 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211686 The High Court held in favor of the Revenue, finding the Tribunal's order deleting the Rs. 1.50 crore addition under Section 40(a)(ia) as perverse for failing to consider material evidence. The Court remitted the case back to the Tribunal for fresh consideration, directing review of the assessee's reply and other relevant evidence. The parties were scheduled to appear before the Tribunal for further proceedings. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211686