https://www.taxtmi.com/caselaws?id=392403 The High Court upheld the Income Tax Appellate Tribunal's decision to allow the Assessee's appeal against the Commissioner of Income Tax (Appeal)-I's order for the assessment year 2014-15, which had added a significant amount to the declared income. The High Court found that the Tribunal's analysis of facts and legal provisions was meticulous, considering subsequent events and precedents. The Court dismissed the Revenue's appeal, stating that there was no substantial question of law necessitating intervention, as each income tax proceeding is distinct and the principle of Res Judicata does not apply. en-us Thu, 13 Feb 2020 00:00:00 +0530 Wed, 19 Feb 2020 16:34:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392403 The High Court upheld the Income Tax Appellate Tribunal's decision to allow the Assessee's appeal against the Commissioner of Income Tax (Appeal)-I's order for the assessment year 2014-15, which had added a significant amount to the declared income. The High Court found that the Tribunal's analysis of facts and legal provisions was meticulous, considering subsequent events and precedents. The Court dismissed the Revenue's appeal, stating that there was no substantial question of law necessitating intervention, as each income tax proceeding is distinct and the principle of Res Judicata does not apply. Case-Laws Income Tax Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392403