https://www.taxtmi.com/caselaws?id=389473 The Assessee challenged the order under section 263 of the Income Tax Act, claiming it was lawful and in line with judicial precedents. The dispute over payments to Retired Partners was resolved in favor of the Assessee, emphasizing the partnership deed provisions. The Tribunal found the appeal against the section 263 order unnecessary as the issue had been settled in a prior decision. The Assessee was granted liberty to seek a review if the Revenue appealed the prior decision. Ultimately, the Tribunal dismissed the appeal, stating no further merit for adjudication existed. en-us Wed, 16 Oct 2019 00:00:00 +0530 Mon, 09 Dec 2019 14:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389473 The Assessee challenged the order under section 263 of the Income Tax Act, claiming it was lawful and in line with judicial precedents. The dispute over payments to Retired Partners was resolved in favor of the Assessee, emphasizing the partnership deed provisions. The Tribunal found the appeal against the section 263 order unnecessary as the issue had been settled in a prior decision. The Assessee was granted liberty to seek a review if the Revenue appealed the prior decision. Ultimately, the Tribunal dismissed the appeal, stating no further merit for adjudication existed. Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389473