https://www.taxtmi.com/caselaws?id=411977 The High Court allowed the Revenue's appeal, setting aside the Tribunal's order and restoring the CIT(A)'s decision. The Court found the Tribunal's remand unjustified, lacking reasons and failing to challenge the lower authorities' factual findings. Emphasizing judicial principles in remand and burden of proof under Section 68, the Court ruled in favor of the Revenue, highlighting the need for judicious exercise of remand powers. en-us Tue, 24 Aug 2021 00:00:00 +0530 Mon, 06 Sep 2021 22:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411977 The High Court allowed the Revenue's appeal, setting aside the Tribunal's order and restoring the CIT(A)'s decision. The Court found the Tribunal's remand unjustified, lacking reasons and failing to challenge the lower authorities' factual findings. Emphasizing judicial principles in remand and burden of proof under Section 68, the Court ruled in favor of the Revenue, highlighting the need for judicious exercise of remand powers. Case-Laws Income Tax Tue, 24 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411977