https://www.taxtmi.com/caselaws?id=413191 The High Court upheld the ITAT's decision, ruling in favor of the respondent government enterprise. The court found that the Assessing Officer's decision-making process was thorough and that the CIT's revisionary action lacked justification as the disputed items were not part of Section 115 JB. The court emphasized that once the Assessing Officer had taken a view, it could not be deemed erroneous. The appeal was dismissed, with the court concluding that no substantial question of law was raised, affirming the ITAT's analysis and application of the law. en-us Thu, 30 Sep 2021 00:00:00 +0530 Tue, 05 Oct 2021 20:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413191 The High Court upheld the ITAT's decision, ruling in favor of the respondent government enterprise. The court found that the Assessing Officer's decision-making process was thorough and that the CIT's revisionary action lacked justification as the disputed items were not part of Section 115 JB. The court emphasized that once the Assessing Officer had taken a view, it could not be deemed erroneous. The appeal was dismissed, with the court concluding that no substantial question of law was raised, affirming the ITAT's analysis and application of the law. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413191