https://www.taxtmi.com/caselaws?id=405921 The High Court ruled in favor of the assessee in an appeal against the Income Tax Appellate Tribunal's order for the assessment year 2006-2007. The Court held that the Tribunal erred in considering the order under section 143(3) as prejudicial to the Revenue's interest, citing a Supreme Court decision favoring the assessee. Additionally, the Court found that the assessing officer did not make a proper enquiry into TDS obligations and that the purchases made by the appellant were not subject to disallowance under section 40 of the Income Tax Act. Consequently, the High Court quashed the Tribunal's order and allowed the appeal in favor of the assessee. en-us Thu, 18 Mar 2021 00:00:00 +0530 Fri, 02 Apr 2021 09:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405921 The High Court ruled in favor of the assessee in an appeal against the Income Tax Appellate Tribunal's order for the assessment year 2006-2007. The Court held that the Tribunal erred in considering the order under section 143(3) as prejudicial to the Revenue's interest, citing a Supreme Court decision favoring the assessee. Additionally, the Court found that the assessing officer did not make a proper enquiry into TDS obligations and that the purchases made by the appellant were not subject to disallowance under section 40 of the Income Tax Act. Consequently, the High Court quashed the Tribunal's order and allowed the appeal in favor of the assessee. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405921