https://www.taxtmi.com/caselaws?id=192179 The High Court of Bombay dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's order for the block period 1991-92 to 2000-01 and 2001-02(part). The Court emphasized the need for the Revenue to provide cogent reasons for appeals, especially when previous decisions have been accepted. As the Revenue failed to challenge or provide reasons for the appeal and could not locate relevant documents regarding a previous decision, the Court inferred that the decision was accepted. Consequently, the Revenue's question did not raise a substantial legal issue, and no costs were awarded. en-us Tue, 25 Oct 2016 00:00:00 +0530 Thu, 18 May 2017 07:26:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192179 The High Court of Bombay dismissed the Revenue's appeal challenging the Income Tax Appellate Tribunal's order for the block period 1991-92 to 2000-01 and 2001-02(part). The Court emphasized the need for the Revenue to provide cogent reasons for appeals, especially when previous decisions have been accepted. As the Revenue failed to challenge or provide reasons for the appeal and could not locate relevant documents regarding a previous decision, the Court inferred that the decision was accepted. Consequently, the Revenue's question did not raise a substantial legal issue, and no costs were awarded. Case-Laws Income Tax Tue, 25 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192179