https://www.taxtmi.com/caselaws?id=271868 The High Court of Bombay dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's order for the Assessment Year 2008-2009. The case centered on whether payments to ex-partners could be considered as diversion of income for deduction purposes. The Court upheld the Tribunal's decision based on past rulings, rejected the Revenue's attempt to introduce a new tax evasion issue, and stressed the importance of accepting the Tribunal's factual findings. The appeal was dismissed without costs, emphasizing the need for the Revenue to abide by the Tribunal's findings unless proven otherwise. en-us Mon, 01 Feb 2016 00:00:00 +0530 Fri, 19 Feb 2016 06:32:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271868 The High Court of Bombay dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's order for the Assessment Year 2008-2009. The case centered on whether payments to ex-partners could be considered as diversion of income for deduction purposes. The Court upheld the Tribunal's decision based on past rulings, rejected the Revenue's attempt to introduce a new tax evasion issue, and stressed the importance of accepting the Tribunal's factual findings. The appeal was dismissed without costs, emphasizing the need for the Revenue to abide by the Tribunal's findings unless proven otherwise. Case-Laws Income Tax Mon, 01 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271868