https://www.taxtmi.com/caselaws?id=384465 The High Court allowed the appeal filed by the Revenue, quashed the Tribunal's order based on low tax effect, and remitted the matter back to the Income Tax Appellate Tribunal for fresh consideration on merits. The judgment emphasized the need to consider substantive issues and exceptions specified in Circulars, rather than solely focusing on the tax effect when deciding tax appeals. en-us Mon, 05 Aug 2019 00:00:00 +0530 Wed, 14 Aug 2019 07:05:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384465 The High Court allowed the appeal filed by the Revenue, quashed the Tribunal's order based on low tax effect, and remitted the matter back to the Income Tax Appellate Tribunal for fresh consideration on merits. The judgment emphasized the need to consider substantive issues and exceptions specified in Circulars, rather than solely focusing on the tax effect when deciding tax appeals. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384465