https://www.taxtmi.com/caselaws?id=396464 The Karnataka High Court ruled in favor of the revenue, quashing the Tribunal's orders and remitting the matter for a fresh decision on merits. The Court clarified the application of Sections 153(2A) and 153(3) of the Income Tax Act, emphasizing the importance of accurate statutory interpretation for timely and lawful assessments. en-us Fri, 12 Jun 2020 00:00:00 +0530 Fri, 18 Sep 2020 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396464 The Karnataka High Court ruled in favor of the revenue, quashing the Tribunal's orders and remitting the matter for a fresh decision on merits. The Court clarified the application of Sections 153(2A) and 153(3) of the Income Tax Act, emphasizing the importance of accurate statutory interpretation for timely and lawful assessments. Case-Laws Income Tax Fri, 12 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396464