https://www.taxtmi.com/caselaws?id=401290 The appeal was dismissed by the Bombay High Court, upholding the decision of the Income Tax Appellate Tribunal (ITAT) and the exercise of revisional powers by the Commissioner under Section 263 of the Income Tax Act. The Court emphasized the Commissioner's authority to pass orders on debatable issues and incomplete assessments, rejecting the Appellant's contentions regarding the merger of assessment orders, principles of consistency in assessment, and applicability of res judicata in income tax proceedings. The Court also highlighted the relevance of previous judicial decisions in guiding the fresh assessment process. en-us Fri, 27 Nov 2020 00:00:00 +0530 Wed, 08 Jul 2026 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401290 The appeal was dismissed by the Bombay High Court, upholding the decision of the Income Tax Appellate Tribunal (ITAT) and the exercise of revisional powers by the Commissioner under Section 263 of the Income Tax Act. The Court emphasized the Commissioner's authority to pass orders on debatable issues and incomplete assessments, rejecting the Appellant's contentions regarding the merger of assessment orders, principles of consistency in assessment, and applicability of res judicata in income tax proceedings. The Court also highlighted the relevance of previous judicial decisions in guiding the fresh assessment process. Case-Laws Income Tax Fri, 27 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401290