https://www.taxtmi.com/caselaws?id=241756 The High Court upheld the Tribunal's decision to dismiss the appeal, ruling that the Revenue could not argue for the income to be treated as "income from business" before the Tribunal as it was not raised at earlier stages of assessment. The court emphasized that introducing new issues without factual basis at later stages is impermissible. Therefore, the appeal was rejected as the substantial question of law did not arise during the initial assessments. en-us Tue, 19 Nov 2013 00:00:00 +0530 Tue, 31 Dec 2013 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241756 The High Court upheld the Tribunal's decision to dismiss the appeal, ruling that the Revenue could not argue for the income to be treated as "income from business" before the Tribunal as it was not raised at earlier stages of assessment. The court emphasized that introducing new issues without factual basis at later stages is impermissible. Therefore, the appeal was rejected as the substantial question of law did not arise during the initial assessments. Case-Laws Income Tax Tue, 19 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241756