https://www.taxtmi.com/caselaws?id=404263 The High Court quashed the Tribunal's decision related to the revenue's appeal on the telescoping of expenses against declared income for Assessment Year 2008-09. The matter was remitted back to the Tribunal for a fresh decision considering the application of the matching principle, following a Supreme Court judgment. The High Court emphasized the need for all parties to address the matching principle issue and disposed of the appeal without addressing substantial questions of law. en-us Mon, 08 Feb 2021 00:00:00 +0530 Fri, 02 Jul 2021 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404263 The High Court quashed the Tribunal's decision related to the revenue's appeal on the telescoping of expenses against declared income for Assessment Year 2008-09. The matter was remitted back to the Tribunal for a fresh decision considering the application of the matching principle, following a Supreme Court judgment. The High Court emphasized the need for all parties to address the matching principle issue and disposed of the appeal without addressing substantial questions of law. Case-Laws Income Tax Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404263