https://www.taxtmi.com/caselaws?id=370912 The High Court quashed previous orders and remanded the matter for fresh assessment, emphasizing independent yearly assessments and accurate application of legal principles in income tax matters. The Court found the authorities' approach erroneous and perverse, highlighting the need for a more thorough evaluation. The judgment addressed misinterpretation of Income Tax Act sections, incorrect application of res judicata principle, and inadequate consideration of legal and factual submissions, underscoring the importance of fair assessment practices. en-us Wed, 31 Oct 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370912 The High Court quashed previous orders and remanded the matter for fresh assessment, emphasizing independent yearly assessments and accurate application of legal principles in income tax matters. The Court found the authorities' approach erroneous and perverse, highlighting the need for a more thorough evaluation. The judgment addressed misinterpretation of Income Tax Act sections, incorrect application of res judicata principle, and inadequate consideration of legal and factual submissions, underscoring the importance of fair assessment practices. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370912