https://www.taxtmi.com/caselaws?id=277624 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's decision to allow a deduction claim under Section 80IB(9) of the Income Tax Act for Assessment Year 2007-08. The Revenue, having accepted the Tribunal's decision for earlier years, decided not to press the appeal, leading to the court's dismissal of the appeal as not pressed. This case underscores the importance of consistency in tax assessments and the impact of precedent on current tax disputes, emphasizing the efficient use of judicial resources by avoiding unnecessary reexamination of settled issues. en-us Thu, 16 Mar 2017 00:00:00 +0530 Fri, 14 Dec 2018 06:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277624 The High Court of Bombay dismissed the appeal challenging the Income Tax Appellate Tribunal's decision to allow a deduction claim under Section 80IB(9) of the Income Tax Act for Assessment Year 2007-08. The Revenue, having accepted the Tribunal's decision for earlier years, decided not to press the appeal, leading to the court's dismissal of the appeal as not pressed. This case underscores the importance of consistency in tax assessments and the impact of precedent on current tax disputes, emphasizing the efficient use of judicial resources by avoiding unnecessary reexamination of settled issues. Case-Laws Income Tax Thu, 16 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277624