https://www.taxtmi.com/caselaws?id=413018 The High Court disposed of the appeal filed under Section 260A of the Income Tax Act, 1961, against the Appellate Tribunal's decision confirming a 2.5% disallowance for the assessment year 2001-02. The Court noted the appellant's benefits under the Direct Tax Vivad Se Vishwas Act, 2020, and allowed the appeal to be restored if the Department's decision under the Act is unfavorable. The Court emphasized safeguarding the appellant's interests under the scheme and highlighted that disallowances were not based on materials seized during search, ensuring protection in case of an adverse Department decision. en-us Mon, 13 Sep 2021 00:00:00 +0530 Mon, 04 Oct 2021 08:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413018 The High Court disposed of the appeal filed under Section 260A of the Income Tax Act, 1961, against the Appellate Tribunal's decision confirming a 2.5% disallowance for the assessment year 2001-02. The Court noted the appellant's benefits under the Direct Tax Vivad Se Vishwas Act, 2020, and allowed the appeal to be restored if the Department's decision under the Act is unfavorable. The Court emphasized safeguarding the appellant's interests under the scheme and highlighted that disallowances were not based on materials seized during search, ensuring protection in case of an adverse Department decision. Case-Laws Income Tax Mon, 13 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413018