https://www.taxtmi.com/caselaws?id=358634 The High Court ruled in favor of the Assessee, holding that the Tribunal lacks the authority to enhance assessments or retract benefits granted by the assessing officer. The Court emphasized the protection of benefits granted to the Assessee and upheld their entitlement to such benefits. Substantial Questions of Law Nos. 1 and 3 were left open for further consideration by the Assessee before the Assessing Officer. The Tax Case Appeal was partly allowed with no costs, ensuring the Assessee's rights in accordance with legal precedents. en-us Wed, 04 Apr 2018 00:00:00 +0530 Mon, 16 Apr 2018 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358634 The High Court ruled in favor of the Assessee, holding that the Tribunal lacks the authority to enhance assessments or retract benefits granted by the assessing officer. The Court emphasized the protection of benefits granted to the Assessee and upheld their entitlement to such benefits. Substantial Questions of Law Nos. 1 and 3 were left open for further consideration by the Assessee before the Assessing Officer. The Tax Case Appeal was partly allowed with no costs, ensuring the Assessee's rights in accordance with legal precedents. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358634