https://www.taxtmi.com/caselaws?id=292497 The challenge concerned the Tribunal's interpretation of Explanation 6 to section 43(1) for Assessment Year 2008-09. The Court noted that an identical question had already arisen for Assessment Year 2007-08 and had been rejected as covered by its earlier ruling in CIT v. Essar Oil Ltd. As the present issue was the same question of law and was governed by binding precedent, the Court held that no substantial question of law arose for fresh consideration. The appeal under section 260-A was dismissed and the Tribunal's relief to the assessee remained undisturbed. en-us Tue, 13 Aug 2019 00:00:00 +0530 Sat, 26 Dec 2020 10:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292497 The challenge concerned the Tribunal's interpretation of Explanation 6 to section 43(1) for Assessment Year 2008-09. The Court noted that an identical question had already arisen for Assessment Year 2007-08 and had been rejected as covered by its earlier ruling in CIT v. Essar Oil Ltd. As the present issue was the same question of law and was governed by binding precedent, the Court held that no substantial question of law arose for fresh consideration. The appeal under section 260-A was dismissed and the Tribunal's relief to the assessee remained undisturbed. Case-Laws Income Tax Tue, 13 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292497