https://www.taxtmi.com/caselaws?id=329184 The High Court of Bombay dismissed the Revenue's appeal regarding the computation of capital gains for Assessment Year 2004-05. The Court emphasized the importance of providing valid reasons for challenging a decision following a previous order to ensure consistency and certainty in tax matters. The appeal was dismissed due to the Revenue's failure to justify challenging the current order without filing an appeal in a similar previous case, highlighting the need for equal treatment under the law and preventing arbitrary decision-making. en-us Tue, 13 Oct 2015 00:00:00 +0530 Fri, 24 Jun 2016 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329184 The High Court of Bombay dismissed the Revenue's appeal regarding the computation of capital gains for Assessment Year 2004-05. The Court emphasized the importance of providing valid reasons for challenging a decision following a previous order to ensure consistency and certainty in tax matters. The appeal was dismissed due to the Revenue's failure to justify challenging the current order without filing an appeal in a similar previous case, highlighting the need for equal treatment under the law and preventing arbitrary decision-making. Case-Laws Income Tax Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329184