https://www.taxtmi.com/caselaws?id=250990 The High Court remanded appeals challenging the application of transfer definitions in Sections 2(47) and 269UA(f) regarding stock in trade back to the Tribunal for fresh consideration. It directed the Tribunal to review the determination of total income based on evidence, avoid decisions on conjectures, and ensure all relevant aspects are considered. The Court emphasized decisions must be grounded in facts, not speculation. The dismissal of the Revenue's appeal due to the prior disposal of the assessee's appeal led to a comprehensive reconsideration of all matters, highlighting the interconnected nature of the cases and the importance of fair evaluation. en-us Tue, 12 Aug 2014 00:00:00 +0530 Mon, 01 Sep 2014 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250990 The High Court remanded appeals challenging the application of transfer definitions in Sections 2(47) and 269UA(f) regarding stock in trade back to the Tribunal for fresh consideration. It directed the Tribunal to review the determination of total income based on evidence, avoid decisions on conjectures, and ensure all relevant aspects are considered. The Court emphasized decisions must be grounded in facts, not speculation. The dismissal of the Revenue's appeal due to the prior disposal of the assessee's appeal led to a comprehensive reconsideration of all matters, highlighting the interconnected nature of the cases and the importance of fair evaluation. Case-Laws Income Tax Tue, 12 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250990