https://www.taxtmi.com/caselaws?id=306080 The High Court dismissed the petition seeking to set aside the Income Tax Appellate Tribunal's order allowing a claim of Rs.4 crores under the head of loss in a contract account for the assessment year 2008-09. The court held that since the department had already filed an appeal under Section 260A of the Income Tax Act against the Tribunal's earlier decision, all contentions could be raised in the appeal proceedings, leading to the dismissal of the petition. en-us Tue, 26 Jul 2022 00:00:00 +0530 Sun, 08 Jan 2023 20:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306080 The High Court dismissed the petition seeking to set aside the Income Tax Appellate Tribunal's order allowing a claim of Rs.4 crores under the head of loss in a contract account for the assessment year 2008-09. The court held that since the department had already filed an appeal under Section 260A of the Income Tax Act against the Tribunal's earlier decision, all contentions could be raised in the appeal proceedings, leading to the dismissal of the petition. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306080