https://www.taxtmi.com/caselaws?id=436601 The tribunal remitted the case back to the Assessing Officer for fresh adjudication in accordance with principles established by the Supreme Court. The tribunal highlighted the importance of yearly assessments to ascertain if the assessee's activities constituted "trade, commerce, or business" and if the quantitative limit in the proviso to section 2(15) was exceeded. Both appeals of the assessee were allowed for statistical purposes. en-us Wed, 22 Mar 2023 00:00:00 +0530 Fri, 14 Apr 2023 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436601 The tribunal remitted the case back to the Assessing Officer for fresh adjudication in accordance with principles established by the Supreme Court. The tribunal highlighted the importance of yearly assessments to ascertain if the assessee's activities constituted "trade, commerce, or business" and if the quantitative limit in the proviso to section 2(15) was exceeded. Both appeals of the assessee were allowed for statistical purposes. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436601