https://www.taxtmi.com/caselaws?id=184759 The High Court allowed the appeals in IT Appeal Nos. 115 and 116 of 2009, finding that the Tribunal erred in not rectifying the mistake apparent on the face of the record regarding the interpretation of the Income Tax Act, 1961. The Court emphasized the significance of considering relevant legal precedents, particularly decisions of the jurisdictional High Court or the Supreme Court, during appellate proceedings. The appellant's argument, supported by previous judgments, prevailed, resulting in the deletion of the addition to the firm's income. en-us Tue, 06 Aug 2013 00:00:00 +0530 Fri, 10 Mar 2023 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184759 The High Court allowed the appeals in IT Appeal Nos. 115 and 116 of 2009, finding that the Tribunal erred in not rectifying the mistake apparent on the face of the record regarding the interpretation of the Income Tax Act, 1961. The Court emphasized the significance of considering relevant legal precedents, particularly decisions of the jurisdictional High Court or the Supreme Court, during appellate proceedings. The appellant's argument, supported by previous judgments, prevailed, resulting in the deletion of the addition to the firm's income. Case-Laws Income Tax Tue, 06 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184759