https://www.taxtmi.com/caselaws?id=189866 The High Court upheld the decision in favor of the assessee, dismissing the appeals by the Revenue. It was held that only the income subject to violation of Section 11(5) and 13(1)(d) of the Income Tax Act should be assessed for tax, not the entire income, based on precedents from the Bombay High Court and Karnataka High Court. The court interpreted the relevant sections to limit the assessment to income directly related to the violation, ensuring consistent application of the law and fair treatment of the assessee. en-us Tue, 17 Jun 2014 00:00:00 +0530 Tue, 24 Jan 2017 10:21:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189866 The High Court upheld the decision in favor of the assessee, dismissing the appeals by the Revenue. It was held that only the income subject to violation of Section 11(5) and 13(1)(d) of the Income Tax Act should be assessed for tax, not the entire income, based on precedents from the Bombay High Court and Karnataka High Court. The court interpreted the relevant sections to limit the assessment to income directly related to the violation, ensuring consistent application of the law and fair treatment of the assessee. Case-Laws Income Tax Tue, 17 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189866