https://www.taxtmi.com/caselaws?id=247515 The High Court partially allowed the appeal, remitting the case to the Assessing Officer for a detailed examination. The Court emphasized the need for the AO to investigate the nature of the amounts received and how they were expended, beyond the specific questions raised by the Tribunal. If the amount is considered income, the appellant should receive consequential benefits for subsequent years. All pending applications were disposed of in accordance with the judgment. en-us Tue, 06 May 2014 00:00:00 +0530 Wed, 14 May 2014 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247515 The High Court partially allowed the appeal, remitting the case to the Assessing Officer for a detailed examination. The Court emphasized the need for the AO to investigate the nature of the amounts received and how they were expended, beyond the specific questions raised by the Tribunal. If the amount is considered income, the appellant should receive consequential benefits for subsequent years. All pending applications were disposed of in accordance with the judgment. Case-Laws Income Tax Tue, 06 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247515