https://www.taxtmi.com/caselaws?id=20044 Income-tax findings for one assessment year do not operate as res judicata in later years unless the issue was actually and finally decided on merits. The Bombay HC held that no positive finding had been recorded earlier on the genuineness of the leave and licence arrangement, so the Income-tax Officer was not barred from examining it afresh in the later assessments. The Appellate Assistant Commissioner erred in treating the prior Tribunal order as conclusive and in cancelling the assessment without considering the merits. The Tribunal was therefore justified in remanding the matter for fresh decision, and the reference was answered in favour of the Revenue. en-us Thu, 07 Oct 1993 00:00:00 +0530 Wed, 11 Nov 2009 12:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20044 Income-tax findings for one assessment year do not operate as res judicata in later years unless the issue was actually and finally decided on merits. The Bombay HC held that no positive finding had been recorded earlier on the genuineness of the leave and licence arrangement, so the Income-tax Officer was not barred from examining it afresh in the later assessments. The Appellate Assistant Commissioner erred in treating the prior Tribunal order as conclusive and in cancelling the assessment without considering the merits. The Tribunal was therefore justified in remanding the matter for fresh decision, and the reference was answered in favour of the Revenue. Case-Laws Income Tax Thu, 07 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20044