https://www.taxtmi.com/caselaws?id=436068 The Tribunal remitted the appeal back to the Commissioner of Income Tax (Appeals) for fresh adjudication due to the incorrect dismissal of the appeal based on settlement under the Direct Tax Vivad se Vishwas Act. The assessment order was deemed invalid for not following proper procedures and violating principles of natural justice. The treatment of incentive credits as revenue receipts and seat replacement costs as capital expenditure were also questioned, leading to a re-evaluation of these matters. The appellant's appeal was allowed for statistical purposes. en-us Wed, 22 Mar 2023 00:00:00 +0530 Tue, 04 Apr 2023 08:30:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436068 The Tribunal remitted the appeal back to the Commissioner of Income Tax (Appeals) for fresh adjudication due to the incorrect dismissal of the appeal based on settlement under the Direct Tax Vivad se Vishwas Act. The assessment order was deemed invalid for not following proper procedures and violating principles of natural justice. The treatment of incentive credits as revenue receipts and seat replacement costs as capital expenditure were also questioned, leading to a re-evaluation of these matters. The appellant's appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436068