https://www.taxtmi.com/caselaws?id=446610 The Appellate Tribunal dismissed the revenue's appeals against the CIT(A)'s order, affirming the decision in favor of the assessee. The Tribunal upheld the CIT(A)'s reliance on the Delhi HC's judgment in RRJ Securities Limited regarding Section 153C of the Act. It found no merit in the revenue's arguments concerning the scope and interpretation of Section 153C, referencing binding precedents and legislative amendments. The Tribunal suggested that if the revenue disagrees with the Delhi HC's binding decision, they may seek recourse from the SC. The appeals were dismissed, with the decision announced on 29.11.2023. en-us Wed, 29 Nov 2023 00:00:00 +0530 Thu, 07 Dec 2023 07:19:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446610 The Appellate Tribunal dismissed the revenue's appeals against the CIT(A)'s order, affirming the decision in favor of the assessee. The Tribunal upheld the CIT(A)'s reliance on the Delhi HC's judgment in RRJ Securities Limited regarding Section 153C of the Act. It found no merit in the revenue's arguments concerning the scope and interpretation of Section 153C, referencing binding precedents and legislative amendments. The Tribunal suggested that if the revenue disagrees with the Delhi HC's binding decision, they may seek recourse from the SC. The appeals were dismissed, with the decision announced on 29.11.2023. Case-Laws Income Tax Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446610