https://www.taxtmi.com/caselaws?id=354553 In income-tax proceedings, a consistent position accepted in earlier and subsequent assessment years should ordinarily not be disturbed absent a material change in facts or law, even though res judicata does not strictly apply. The record showed no material explaining why the assessee, an NBFC, was treated differently for the year in question, and the allegation that it was bogus lacked supporting material. As the issue had not been fully examined on the relevant facts, the matter was remanded to the Assessing Officer for de novo adjudication, with the Revenue's appeal succeeding only for statistical purposes. en-us Wed, 06 Dec 2017 00:00:00 +0530 Wed, 31 Jan 2018 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354553 In income-tax proceedings, a consistent position accepted in earlier and subsequent assessment years should ordinarily not be disturbed absent a material change in facts or law, even though res judicata does not strictly apply. The record showed no material explaining why the assessee, an NBFC, was treated differently for the year in question, and the allegation that it was bogus lacked supporting material. As the issue had not been fully examined on the relevant facts, the matter was remanded to the Assessing Officer for de novo adjudication, with the Revenue's appeal succeeding only for statistical purposes. Case-Laws Income Tax Wed, 06 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354553