https://www.taxtmi.com/caselaws?id=170959 The court upheld the Assessing Officer's decision to tax the sum of Rs. 25 lakhs under Section 28(va) of the Income Tax Act, 1961, as it was received for refraining from business activity. The Court also found the Commissioner of Income Tax's revisional order to be legally sound and properly reasoned, dismissing the petitioner's challenge for judicial review under Articles 226 and 227 of the Constitution. en-us Thu, 13 Aug 2009 00:00:00 +0530 Sun, 03 Sep 2023 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170959 The court upheld the Assessing Officer's decision to tax the sum of Rs. 25 lakhs under Section 28(va) of the Income Tax Act, 1961, as it was received for refraining from business activity. The Court also found the Commissioner of Income Tax's revisional order to be legally sound and properly reasoned, dismissing the petitioner's challenge for judicial review under Articles 226 and 227 of the Constitution. Case-Laws Income Tax Thu, 13 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170959