https://www.taxtmi.com/caselaws?id=235576 The Court set aside the Commissioner's order under Section 264 of the Income Tax Act, 1961, in favor of the petitioner, emphasizing the availability of the surrendered amount in previous and subsequent assessment years. The Court noted that the amount disclosed under the Amnesty Scheme for earlier years was deemed available in subsequent years, highlighting the Commissioner's failure to consider this crucial aspect. The matter was remanded for a fresh decision, stressing the importance of assessing the availability of surrendered amounts in related cases. en-us Mon, 09 Jan 2012 00:00:00 +0530 Thu, 25 Jul 2013 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235576 The Court set aside the Commissioner's order under Section 264 of the Income Tax Act, 1961, in favor of the petitioner, emphasizing the availability of the surrendered amount in previous and subsequent assessment years. The Court noted that the amount disclosed under the Amnesty Scheme for earlier years was deemed available in subsequent years, highlighting the Commissioner's failure to consider this crucial aspect. The matter was remanded for a fresh decision, stressing the importance of assessing the availability of surrendered amounts in related cases. Case-Laws Income Tax Mon, 09 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235576