https://www.taxtmi.com/caselaws?id=344928 The High Court partially allowed the reference in favor of the Assessee, directing the Assessing Officer to assess the return for the year 1988-89 as per the compromise formula applied for subsequent years. This resolved the issues related to the enhanced lease rent liability and liability on enhanced rent charged to sublessees. The Court emphasized the importance of cooperation in resolving disputes and cautioned against filing frivolous objections. en-us Thu, 22 Jun 2017 00:00:00 +0530 Sat, 01 Jul 2017 18:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344928 The High Court partially allowed the reference in favor of the Assessee, directing the Assessing Officer to assess the return for the year 1988-89 as per the compromise formula applied for subsequent years. This resolved the issues related to the enhanced lease rent liability and liability on enhanced rent charged to sublessees. The Court emphasized the importance of cooperation in resolving disputes and cautioned against filing frivolous objections. Case-Laws Income Tax Thu, 22 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344928