https://www.taxtmi.com/caselaws?id=295447 The High Court of Bombay dismissed the appellant's appeal on the first issue regarding Income Tax exemption under Article 289 of the Constitution of India, citing a Supreme Court decision. However, the Court admitted the appeal on the second issue concerning the proviso to Section 2(15) of the Income Tax Act, 1961, for further consideration. The judgment emphasized the significance of legal precedents and the proper application of laws in assessing the appellant's tax liability. en-us Tue, 14 Aug 2018 00:00:00 +0530 Fri, 04 Jun 2021 08:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295447 The High Court of Bombay dismissed the appellant's appeal on the first issue regarding Income Tax exemption under Article 289 of the Constitution of India, citing a Supreme Court decision. However, the Court admitted the appeal on the second issue concerning the proviso to Section 2(15) of the Income Tax Act, 1961, for further consideration. The judgment emphasized the significance of legal precedents and the proper application of laws in assessing the appellant's tax liability. Case-Laws Income Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295447