https://www.taxtmi.com/caselaws?id=423154 The Court dismissed the appeals filed by the Revenue against the Tribunal's decision on disallowed expenses for the Assessment Year 2013-14. The Court held that the Assessment Order was not erroneous or prejudicial to the Revenue's interest, as proper inquiries were made before passing the order. It emphasized that not every loss of revenue constitutes an order prejudicial to revenue unless the decision is unsustainable in law. The Court found the issues raised in the appeal to be adequately addressed by the Tribunal, leading to the dismissal of the appeals and disposal of related applications. en-us Thu, 21 Apr 2022 00:00:00 +0530 Wed, 29 Jul 2026 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423154 The Court dismissed the appeals filed by the Revenue against the Tribunal's decision on disallowed expenses for the Assessment Year 2013-14. The Court held that the Assessment Order was not erroneous or prejudicial to the Revenue's interest, as proper inquiries were made before passing the order. It emphasized that not every loss of revenue constitutes an order prejudicial to revenue unless the decision is unsustainable in law. The Court found the issues raised in the appeal to be adequately addressed by the Tribunal, leading to the dismissal of the appeals and disposal of related applications. Case-Laws Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423154