https://www.taxtmi.com/caselaws?id=256950 The High Court of Bombay dismissed an appeal challenging a Tribunal order on the deduction u/s. 36(1)(viii) of the Income Tax Act for the Assessment Year 2006-07. The Court upheld the Assessing Officer's decision, emphasizing the importance of Revenue's consistent approach in challenging Tribunal orders. It highlighted the need for justification in appealing subsequent orders following a similar precedent and directed the Revenue to ensure proper adherence to legal procedures. The Court also found no justification for the Commissioner of Income Tax to invoke revisionary powers under Section 263, citing the validity of the deduction based on the Tribunal's decision and relevant precedents. en-us Wed, 04 Feb 2015 00:00:00 +0530 Tue, 11 Aug 2015 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256950 The High Court of Bombay dismissed an appeal challenging a Tribunal order on the deduction u/s. 36(1)(viii) of the Income Tax Act for the Assessment Year 2006-07. The Court upheld the Assessing Officer's decision, emphasizing the importance of Revenue's consistent approach in challenging Tribunal orders. It highlighted the need for justification in appealing subsequent orders following a similar precedent and directed the Revenue to ensure proper adherence to legal procedures. The Court also found no justification for the Commissioner of Income Tax to invoke revisionary powers under Section 263, citing the validity of the deduction based on the Tribunal's decision and relevant precedents. Case-Laws Income Tax Wed, 04 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256950