https://www.taxtmi.com/caselaws?id=221945 The Court allowed the Income Tax Appeals, setting aside the Tribunal's orders and restoring the matter to the Assessing Officer for re-consideration. The dispute arose from the Revenue's objection to the assessee pressing a ground contrary to an undertaking in a previous appeal, and a disagreement over the treatment of closing stock between a holding company and its subsidiary. The Court criticized both parties for their conduct, emphasizing the need for adherence to undertakings and proper communication to avoid procedural issues in tax assessments. en-us Mon, 26 Mar 2012 00:00:00 +0530 Sat, 06 Apr 2013 21:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221945 The Court allowed the Income Tax Appeals, setting aside the Tribunal's orders and restoring the matter to the Assessing Officer for re-consideration. The dispute arose from the Revenue's objection to the assessee pressing a ground contrary to an undertaking in a previous appeal, and a disagreement over the treatment of closing stock between a holding company and its subsidiary. The Court criticized both parties for their conduct, emphasizing the need for adherence to undertakings and proper communication to avoid procedural issues in tax assessments. Case-Laws Income Tax Mon, 26 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221945