https://www.taxtmi.com/caselaws?id=340883 The High Court upheld the Tribunal's findings, stating that the C.I.T. lacked jurisdiction under Section 263 to revise the assessment order dated 01.12.2011, as the matter had already been adjudicated by the C.I.T.(A). The High Court emphasized the concept of "partial merger" and noted that the Tribunal's decision was consistent with the statutory provisions and judicial precedents. Consequently, the appeals were dismissed, and the substantial questions of law were answered in favor of the Assessee and against the Revenue. en-us Tue, 14 Feb 2017 00:00:00 +0530 Mon, 13 Nov 2017 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340883 The High Court upheld the Tribunal's findings, stating that the C.I.T. lacked jurisdiction under Section 263 to revise the assessment order dated 01.12.2011, as the matter had already been adjudicated by the C.I.T.(A). The High Court emphasized the concept of "partial merger" and noted that the Tribunal's decision was consistent with the statutory provisions and judicial precedents. Consequently, the appeals were dismissed, and the substantial questions of law were answered in favor of the Assessee and against the Revenue. Case-Laws Income Tax Tue, 14 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340883