https://www.taxtmi.com/caselaws?id=244526 The High Court ruled in favor of the assessee, citing a precedent from a previous case involving the same party where a similar issue was decided against the revenue. The Court emphasized the importance of consistency in interpreting tax laws and following precedents. The decision underscores the necessity for tax authorities to apply established legal principles and past judgments for fair outcomes in tax assessments and disputes. en-us Mon, 03 Feb 2014 00:00:00 +0530 Fri, 28 Feb 2014 07:01:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244526 The High Court ruled in favor of the assessee, citing a precedent from a previous case involving the same party where a similar issue was decided against the revenue. The Court emphasized the importance of consistency in interpreting tax laws and following precedents. The decision underscores the necessity for tax authorities to apply established legal principles and past judgments for fair outcomes in tax assessments and disputes. Case-Laws Income Tax Mon, 03 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244526