https://www.taxtmi.com/caselaws?id=13135 The High Court clarified its limited jurisdiction in petitions, emphasizing the quality of the Tribunal's order. Reopening issues of fact for a reference based on accounting principles was deemed impermissible, with decisions required to align with legal principles. Challenges to previous decisions were dismissed due to timing constraints and the need for legal foundation. The court highlighted the precedence of legal principles over accounting procedures and emphasized the difficulty in reversing views without substantial support. After reviewing for manifest prejudice or irregularity in the taxing statute, the court dismissed the petitions for lacking grounds for reference. en-us Thu, 19 Apr 2001 00:00:00 +0530 Tue, 26 May 2009 16:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13135 The High Court clarified its limited jurisdiction in petitions, emphasizing the quality of the Tribunal's order. Reopening issues of fact for a reference based on accounting principles was deemed impermissible, with decisions required to align with legal principles. Challenges to previous decisions were dismissed due to timing constraints and the need for legal foundation. The court highlighted the precedence of legal principles over accounting procedures and emphasized the difficulty in reversing views without substantial support. After reviewing for manifest prejudice or irregularity in the taxing statute, the court dismissed the petitions for lacking grounds for reference. Case-Laws Income Tax Thu, 19 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13135