https://www.taxtmi.com/caselaws?id=263562 The High Court upheld the Income Tax Appellate Tribunal's decision to recall an ex parte order, allowing rehearing of the appeal. It ruled in favor of the assessee on the allowance of project expenditure, finding it justifiable when the project was abandoned. The Court noted the Tribunal's directive for verification of actual written-off amounts, dismissing the appeal without costs. The judgment provided a thorough examination of the issues raised, ensuring adherence to legal principles and precedents under the Income Tax Act, 1961. en-us Mon, 17 Aug 2015 00:00:00 +0530 Sat, 05 Sep 2015 11:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263562 The High Court upheld the Income Tax Appellate Tribunal's decision to recall an ex parte order, allowing rehearing of the appeal. It ruled in favor of the assessee on the allowance of project expenditure, finding it justifiable when the project was abandoned. The Court noted the Tribunal's directive for verification of actual written-off amounts, dismissing the appeal without costs. The judgment provided a thorough examination of the issues raised, ensuring adherence to legal principles and precedents under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 17 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263562