https://www.taxtmi.com/caselaws?id=334698 The High Court quashed the Tribunal's order, highlighting the need to differentiate between the factual scenarios of Assessment Years 1985-86 and 1986-87. The case was remanded to the Tribunal for reassessment, emphasizing the unique circumstances of the latter year. The Court refrained from deciding on the substantial legal question until the Tribunal reconsiders the appeal in light of the updated facts. The appeal was allowed without costs, instructing the Tribunal to expedite the decision-making process and keeping all contentions open for future review. en-us Sat, 16 Apr 2016 00:00:00 +0530 Fri, 18 Nov 2016 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334698 The High Court quashed the Tribunal's order, highlighting the need to differentiate between the factual scenarios of Assessment Years 1985-86 and 1986-87. The case was remanded to the Tribunal for reassessment, emphasizing the unique circumstances of the latter year. The Court refrained from deciding on the substantial legal question until the Tribunal reconsiders the appeal in light of the updated facts. The appeal was allowed without costs, instructing the Tribunal to expedite the decision-making process and keeping all contentions open for future review. Case-Laws Income Tax Sat, 16 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334698