https://www.taxtmi.com/caselaws?id=35845 The High Court of Madhya Pradesh held that the Income Tax Officer (ITO) was not justified in denying relief under section 80J for the assessment years 1974-75 and 1975-76 after granting it for 1973-74. The court emphasized the principle of res judicata in income tax proceedings and stressed the need for consistency in assessment decisions. It ruled in favor of the assessee, highlighting that the ITO's initial decision was valid and in accordance with legal precedents. The judgment underlined the importance of maintaining consistency and finality in tax disputes for fairness and certainty. No costs were awarded in this case. en-us Thu, 16 Jul 1981 00:00:00 +0530 Wed, 17 Mar 2010 11:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35845 The High Court of Madhya Pradesh held that the Income Tax Officer (ITO) was not justified in denying relief under section 80J for the assessment years 1974-75 and 1975-76 after granting it for 1973-74. The court emphasized the principle of res judicata in income tax proceedings and stressed the need for consistency in assessment decisions. It ruled in favor of the assessee, highlighting that the ITO's initial decision was valid and in accordance with legal precedents. The judgment underlined the importance of maintaining consistency and finality in tax disputes for fairness and certainty. No costs were awarded in this case. Case-Laws Income Tax Thu, 16 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35845