https://www.taxtmi.com/caselaws?id=293334 The High Court dismissed the appeal under Section 260A of the Income Tax Act, 1961, as it found that the revisionary power invoked by the Revenue under Section 263 was not appropriately exercised. The Court emphasized that the assessing officer had adequately considered the Principle of Mutuality, making the Commissioner's intervention unnecessary. As no substantial question of law arose for consideration, the appeal was dismissed, aligning with the decision in a previous appeal for a different assessment year. en-us Mon, 11 Dec 2017 00:00:00 +0530 Fri, 05 Feb 2021 06:27:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293334 The High Court dismissed the appeal under Section 260A of the Income Tax Act, 1961, as it found that the revisionary power invoked by the Revenue under Section 263 was not appropriately exercised. The Court emphasized that the assessing officer had adequately considered the Principle of Mutuality, making the Commissioner's intervention unnecessary. As no substantial question of law arose for consideration, the appeal was dismissed, aligning with the decision in a previous appeal for a different assessment year. Case-Laws Income Tax Mon, 11 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293334