https://www.taxtmi.com/caselaws?id=235573 The Tribunal held that rejection of the assessee's claim for credit or refund of Advance Corporation Tax in earlier proceedings under Section 154 read with Section 143(1)(a) did not bar reconsideration in later assessment proceedings under Section 143(3). The earlier and subsequent proceedings were distinct, so res judicata did not apply to prevent the assessee from re-agitating the issue. As the Assessing Officer's objections involved factual verification requiring material from both sides, the claim could not be summarily rejected on the existing record. The matter was therefore remitted to the Assessing Officer for fresh adjudication in accordance with law. en-us Fri, 12 Jul 2013 00:00:00 +0530 Sat, 27 Jul 2013 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235573 The Tribunal held that rejection of the assessee's claim for credit or refund of Advance Corporation Tax in earlier proceedings under Section 154 read with Section 143(1)(a) did not bar reconsideration in later assessment proceedings under Section 143(3). The earlier and subsequent proceedings were distinct, so res judicata did not apply to prevent the assessee from re-agitating the issue. As the Assessing Officer's objections involved factual verification requiring material from both sides, the claim could not be summarily rejected on the existing record. The matter was therefore remitted to the Assessing Officer for fresh adjudication in accordance with law. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235573