https://www.taxtmi.com/caselaws?id=389272 The High Court ruled in favor of the appellant, setting aside the ITAT's decision and remanding the matter back to the Assessing Officer for a thorough evaluation of the claim regarding the non-taxability of income arising from the loan waiver. The Court emphasized that the Assessing Officer should have considered the fresh claim on its merits during the remand proceedings and that the remand order allowed for a comprehensive assessment, not limited in scope. en-us Thu, 28 Nov 2019 00:00:00 +0530 Wed, 04 Dec 2019 13:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389272 The High Court ruled in favor of the appellant, setting aside the ITAT's decision and remanding the matter back to the Assessing Officer for a thorough evaluation of the claim regarding the non-taxability of income arising from the loan waiver. The Court emphasized that the Assessing Officer should have considered the fresh claim on its merits during the remand proceedings and that the remand order allowed for a comprehensive assessment, not limited in scope. Case-Laws Income Tax Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389272