https://www.taxtmi.com/caselaws?id=33636 The High Court dismissed the Revenue's appeal challenging the Income-tax Appellate Tribunal's decision for the assessment year 1994-95 under section 260A of the Income-tax Act, 1961. The Tribunal's ruling in favor of the assessee regarding the first year of production and entitlement to deductions under sections 80-I and 80HH was upheld. The High Court emphasized the principle of consistency in tax matters and barred the Revenue from re-litigating the issue once the Tribunal had ruled in their favor. The Tribunal's decision on the commencement of production in 1986-87 was deemed final, leading to the rejection of the Revenue's appeal. en-us Thu, 02 Aug 2007 00:00:00 +0530 Sat, 30 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33636 The High Court dismissed the Revenue's appeal challenging the Income-tax Appellate Tribunal's decision for the assessment year 1994-95 under section 260A of the Income-tax Act, 1961. The Tribunal's ruling in favor of the assessee regarding the first year of production and entitlement to deductions under sections 80-I and 80HH was upheld. The High Court emphasized the principle of consistency in tax matters and barred the Revenue from re-litigating the issue once the Tribunal had ruled in their favor. The Tribunal's decision on the commencement of production in 1986-87 was deemed final, leading to the rejection of the Revenue's appeal. Case-Laws Income Tax Thu, 02 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33636