https://www.taxtmi.com/caselaws?id=420249 The High Court dismissed the appeal filed by the Principal Commissioner of Income Tax against the ITAT's order for the assessment year 2003-2004. The court noted the company's liquidation status and financial non-viability, emphasizing that even if the Revenue succeeded, the tax amount could not be paid. Due to impracticality of recovery and court burden, the appeal was disposed of, leaving the legal question open for future cases. The court stressed the importance of efficiently prioritizing cases and avoiding prolonging matters with no practical outcome. en-us Wed, 16 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420249 The High Court dismissed the appeal filed by the Principal Commissioner of Income Tax against the ITAT's order for the assessment year 2003-2004. The court noted the company's liquidation status and financial non-viability, emphasizing that even if the Revenue succeeded, the tax amount could not be paid. Due to impracticality of recovery and court burden, the appeal was disposed of, leaving the legal question open for future cases. The court stressed the importance of efficiently prioritizing cases and avoiding prolonging matters with no practical outcome. Case-Laws Income Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420249