https://www.taxtmi.com/caselaws?id=255504 The High Court upheld the Income Tax Appellate Tribunal's decision to reject the appellant's plea to admit additional grounds related to expenditure for land preparation and costs under a statutory license for assessment years 2005-06, 2006-07, and 2007-08. Despite arguments citing audited accounts and judgments from other courts, the High Court emphasized the Tribunal's discretion to allow new contentions based on relevant facts and reasons for not raising them earlier. The Court found the Tribunal's decision aligned with Supreme Court principles, leading to the dismissal of all appeals without costs. en-us Wed, 10 Dec 2014 00:00:00 +0530 Sat, 17 Jan 2015 19:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255504 The High Court upheld the Income Tax Appellate Tribunal's decision to reject the appellant's plea to admit additional grounds related to expenditure for land preparation and costs under a statutory license for assessment years 2005-06, 2006-07, and 2007-08. Despite arguments citing audited accounts and judgments from other courts, the High Court emphasized the Tribunal's discretion to allow new contentions based on relevant facts and reasons for not raising them earlier. The Court found the Tribunal's decision aligned with Supreme Court principles, leading to the dismissal of all appeals without costs. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255504