https://www.taxtmi.com/caselaws?id=351278 The court found the Revision Petition maintainable under Section 264 of the Income Tax Act, noting the petitioner's waiver of the right to appeal for the relevant year. It criticized the Commissioner for not addressing the petitioner's claim under Section 44BB vs. 44DA and emphasized the Commissioner's duty to pass reasoned orders. The court highlighted that the principle of consistency and res judicata does not bar revision petitions for each assessment year. Consequently, the court allowed the writ petition, quashed the Commissioner's order, and remanded the matter for fresh consideration. en-us Mon, 13 Nov 2017 00:00:00 +0530 Thu, 25 Jan 2018 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351278 The court found the Revision Petition maintainable under Section 264 of the Income Tax Act, noting the petitioner's waiver of the right to appeal for the relevant year. It criticized the Commissioner for not addressing the petitioner's claim under Section 44BB vs. 44DA and emphasized the Commissioner's duty to pass reasoned orders. The court highlighted that the principle of consistency and res judicata does not bar revision petitions for each assessment year. Consequently, the court allowed the writ petition, quashed the Commissioner's order, and remanded the matter for fresh consideration. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351278