https://www.taxtmi.com/caselaws?id=331029 The High Court held that the ITAT was not justified in recalling its judgment based on a subsequent decision of the High Court in the case of Gujarat Alkalies and Chemicals Ltd. The Court emphasized that the Tribunal's original finding, which denied deduction under section 80IA for the installation of a new turbine, was not in direct conflict with the subsequent decision. Therefore, the Tribunal's recall of its judgment was deemed unjustified, leading to the reversal of the Tribunal's orders in favor of the Revenue. en-us Mon, 01 Aug 2016 00:00:00 +0530 Thu, 11 Aug 2016 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331029 The High Court held that the ITAT was not justified in recalling its judgment based on a subsequent decision of the High Court in the case of Gujarat Alkalies and Chemicals Ltd. The Court emphasized that the Tribunal's original finding, which denied deduction under section 80IA for the installation of a new turbine, was not in direct conflict with the subsequent decision. Therefore, the Tribunal's recall of its judgment was deemed unjustified, leading to the reversal of the Tribunal's orders in favor of the Revenue. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331029