https://www.taxtmi.com/caselaws?id=330302 The High Court upheld the Income Tax Tribunal's decision to dismiss the Tax Appeal filed by the Revenue. The Tribunal had ruled in favor of the assessee, citing the CBDT Circular No. 1979 and emphasizing the lack of exceptional circumstances to warrant the appeal. The High Court found that the Revenue's contentions lacked substantiation and were raised belatedly, resulting in the dismissal of the appeal with no costs awarded. en-us Wed, 06 Jul 2016 00:00:00 +0530 Fri, 22 Jul 2016 13:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330302 The High Court upheld the Income Tax Tribunal's decision to dismiss the Tax Appeal filed by the Revenue. The Tribunal had ruled in favor of the assessee, citing the CBDT Circular No. 1979 and emphasizing the lack of exceptional circumstances to warrant the appeal. The High Court found that the Revenue's contentions lacked substantiation and were raised belatedly, resulting in the dismissal of the appeal with no costs awarded. Case-Laws Wealth-tax Wed, 06 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330302