https://www.taxtmi.com/caselaws?id=429294 The High Court dismissed the Revenue's appeal challenging the ITAT's decision to set aside assessments framed under Section 153C of the Income Tax Act. The Court upheld the ITAT's findings that the reclassification of income under Section 69B was unjustified as the income was already disclosed in the books of account. The Court found no substantial question of law in the appeal, affirming the ITAT's decision and dismissing the Revenue's appeal at the admission stage. en-us Thu, 13 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 07:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429294 The High Court dismissed the Revenue's appeal challenging the ITAT's decision to set aside assessments framed under Section 153C of the Income Tax Act. The Court upheld the ITAT's findings that the reclassification of income under Section 69B was unjustified as the income was already disclosed in the books of account. The Court found no substantial question of law in the appeal, affirming the ITAT's decision and dismissing the Revenue's appeal at the admission stage. Case-Laws Income Tax Thu, 13 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429294