https://www.taxtmi.com/caselaws?id=307286 The High Court dismissed the tax appeal concerning the interpretation of provisions related to Sections 11 and 12 of the Income Tax Act, 1961. The Court found that the issues raised by the Revenue were settled based on precedent, particularly regarding the proviso to Section 2(15) r.w.s. 13(8) of the Act. The Court upheld the Appellate Tribunal's decision and concluded that the matters in question were no longer open for debate, leading to the dismissal of the appeal. en-us Wed, 20 Jan 2021 00:00:00 +0530 Mon, 03 Apr 2023 19:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307286 The High Court dismissed the tax appeal concerning the interpretation of provisions related to Sections 11 and 12 of the Income Tax Act, 1961. The Court found that the issues raised by the Revenue were settled based on precedent, particularly regarding the proviso to Section 2(15) r.w.s. 13(8) of the Act. The Court upheld the Appellate Tribunal's decision and concluded that the matters in question were no longer open for debate, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307286