https://www.taxtmi.com/caselaws?id=411246 The High Court upheld the Commissioner's decision to set aside the assessments due to the Assessing Officer's erroneous application of the law regarding the taxability of waived loan amounts. The judgment emphasized the importance of correctly applying legal precedents in tax assessments to ensure compliance with the Income Tax Act. en-us Wed, 04 Aug 2021 00:00:00 +0530 Fri, 20 Aug 2021 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411246 The High Court upheld the Commissioner's decision to set aside the assessments due to the Assessing Officer's erroneous application of the law regarding the taxability of waived loan amounts. The judgment emphasized the importance of correctly applying legal precedents in tax assessments to ensure compliance with the Income Tax Act. Case-Laws Income Tax Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411246