https://www.taxtmi.com/caselaws?id=213744 The High Court found that the tribunal's order in favor of the respondent assessee was perverse and based on incorrect factual findings. The case was remanded to the tribunal for a thorough re-examination of the issues, including the applicability of Section 47(v) of the Income Tax Act and procedural violations under the Companies Act. The tribunal was directed to consider all relevant evidence and contentions raised by both parties. en-us Fri, 01 Jun 2012 00:00:00 +0530 Wed, 11 Jul 2012 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213744 The High Court found that the tribunal's order in favor of the respondent assessee was perverse and based on incorrect factual findings. The case was remanded to the tribunal for a thorough re-examination of the issues, including the applicability of Section 47(v) of the Income Tax Act and procedural violations under the Companies Act. The tribunal was directed to consider all relevant evidence and contentions raised by both parties. Case-Laws Income Tax Fri, 01 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213744