https://www.taxtmi.com/caselaws?id=4002 The court dismissed the Revenue's appeal against the disallowance of expenses for a Vedic Science Conference under Section 11 of the Income Tax Act, 1961 for the assessment year 1981-82. The court held that the issue of exemption had been settled in the original assessment and could not be re-examined in the appeal. It emphasized the importance of finality in assessments and the limitations on reopening settled issues during appeals, stating that appellate forums cannot revisit issues already decided in favor of a party without specific steps to challenge those findings. en-us Fri, 27 Apr 2007 00:00:00 +0530 Sat, 26 Jul 2008 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4002 The court dismissed the Revenue's appeal against the disallowance of expenses for a Vedic Science Conference under Section 11 of the Income Tax Act, 1961 for the assessment year 1981-82. The court held that the issue of exemption had been settled in the original assessment and could not be re-examined in the appeal. It emphasized the importance of finality in assessments and the limitations on reopening settled issues during appeals, stating that appellate forums cannot revisit issues already decided in favor of a party without specific steps to challenge those findings. Case-Laws Income Tax Fri, 27 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4002