https://www.taxtmi.com/caselaws?id=383559 The High Court of Gujarat dismissed the Tax Appeal concerning the disallowance of deduction under sections 36(1)(va) and 2(24)(x) of the Income Tax Act, 1961, amounting to Rs. 21,23,948 for the Assessment Year 2013-14. The court upheld the decision of the Income Tax Appellate Tribunal, citing a previous judgment on a similar issue. The appellant was given the option to revive the appeal if the Supreme Court reversed the earlier judgment within three months. The case emphasizes the importance of legal precedent, procedural aspects of appeal dismissal, and adherence to statutory provisions in tax matters. en-us Mon, 22 Jul 2019 00:00:00 +0530 Fri, 26 Jul 2019 07:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383559 The High Court of Gujarat dismissed the Tax Appeal concerning the disallowance of deduction under sections 36(1)(va) and 2(24)(x) of the Income Tax Act, 1961, amounting to Rs. 21,23,948 for the Assessment Year 2013-14. The court upheld the decision of the Income Tax Appellate Tribunal, citing a previous judgment on a similar issue. The appellant was given the option to revive the appeal if the Supreme Court reversed the earlier judgment within three months. The case emphasizes the importance of legal precedent, procedural aspects of appeal dismissal, and adherence to statutory provisions in tax matters. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383559