https://www.taxtmi.com/caselaws?id=252266 The court allowed the application to condone the delay in re-filing the appeal. It considered the challenge to orders of CIT(A) and ITAT regarding the deletion of disallowance on account of under valuation of stock. The court dismissed the appeal as the revenue failed to distinguish or provide contrary arguments to a previous decision that had answered the same question of law against them. The judgment underscores the importance of timely appeals, challenges to lower authorities' orders, and reliance on precedent in tax matters, emphasizing consistency in legal outcomes based on statutory provisions and past judgments. en-us Tue, 07 Oct 2014 00:00:00 +0530 Thu, 16 Oct 2014 07:46:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252266 The court allowed the application to condone the delay in re-filing the appeal. It considered the challenge to orders of CIT(A) and ITAT regarding the deletion of disallowance on account of under valuation of stock. The court dismissed the appeal as the revenue failed to distinguish or provide contrary arguments to a previous decision that had answered the same question of law against them. The judgment underscores the importance of timely appeals, challenges to lower authorities' orders, and reliance on precedent in tax matters, emphasizing consistency in legal outcomes based on statutory provisions and past judgments. Case-Laws Income Tax Tue, 07 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252266