https://www.taxtmi.com/caselaws?id=4058 The case involved determining the assessee's entitlement to tax exemptions under sections 10(22A) and 11 of the Income-tax Act, 1961. The Tribunal and High Court held that the assessee qualified for the exemptions based on consistent activities and agreements. The High Court emphasized the importance of consistency in assessments and limited Revenue's discretion to change opinions without substantial changes. The principle of res judicata was addressed, highlighting the need for a consistent approach in tax assessments. The High Court dismissed the appeal, emphasizing the importance of maintaining consistency in tax assessments and interpreting tax laws. en-us Wed, 24 Jan 2007 00:00:00 +0530 Sat, 26 Jul 2008 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4058 The case involved determining the assessee's entitlement to tax exemptions under sections 10(22A) and 11 of the Income-tax Act, 1961. The Tribunal and High Court held that the assessee qualified for the exemptions based on consistent activities and agreements. The High Court emphasized the importance of consistency in assessments and limited Revenue's discretion to change opinions without substantial changes. The principle of res judicata was addressed, highlighting the need for a consistent approach in tax assessments. The High Court dismissed the appeal, emphasizing the importance of maintaining consistency in tax assessments and interpreting tax laws. Case-Laws Income Tax Wed, 24 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4058