https://www.taxtmi.com/caselaws?id=234336 Assessment under Section 153A questions whether a sales-tax incentive constitutes capital or revenue receipt and whether deductions not claimed in the original completed assessment can be allowed on reassessment. The court applied the rule of statutory construction that avoids absurdity and mischief, relying on precedent to reject any interpretation that would permit reopening issues already conclusively decided through the appellate process. Consequently, an assessee may not claim deductions or expenditures on a Section 153A assessment if those were not claimed in the original completed assessment; decision adverse to the assessee. en-us Fri, 24 May 2013 00:00:00 +0530 Mon, 02 Feb 2026 11:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234336 Assessment under Section 153A questions whether a sales-tax incentive constitutes capital or revenue receipt and whether deductions not claimed in the original completed assessment can be allowed on reassessment. The court applied the rule of statutory construction that avoids absurdity and mischief, relying on precedent to reject any interpretation that would permit reopening issues already conclusively decided through the appellate process. Consequently, an assessee may not claim deductions or expenditures on a Section 153A assessment if those were not claimed in the original completed assessment; decision adverse to the assessee. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234336