https://www.taxtmi.com/caselaws?id=30084 The High Court upheld the Commissioner's decision under section 263 of the Income-tax Act, remanding the matter for income computation. The Court rejected the appellant's argument, emphasizing the need to prevent revenue loss and the invalidity of claiming further expenses against the arbitration award. The appeal was dismissed, allowing the appellant to contest the income estimation on its merits. en-us Mon, 21 Jan 2008 00:00:00 +0530 Wed, 06 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30084 The High Court upheld the Commissioner's decision under section 263 of the Income-tax Act, remanding the matter for income computation. The Court rejected the appellant's argument, emphasizing the need to prevent revenue loss and the invalidity of claiming further expenses against the arbitration award. The appeal was dismissed, allowing the appellant to contest the income estimation on its merits. Case-Laws Income Tax Mon, 21 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30084