https://www.taxtmi.com/caselaws?id=313438 The HC dismissed all appeals under Section 260A of the Income Tax Act, 1961, against the Revenue. The central issue was whether books of account should be rejected before referring to the D.V.O. under Section 142A. The Court relied on a precedent set by the SC in Sargam Cinema vs. CIT, which was unfavorable to the Revenue, thus answering the question against them. Despite a divergent view from the Andhra Pradesh HC, the Court found it inapplicable, adhering to the SC's binding decision. Consequently, the appeals were dismissed, affirming the Tribunal's judgment. en-us Wed, 08 Feb 2017 00:00:00 +0530 Mon, 15 Apr 2024 09:54:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313438 The HC dismissed all appeals under Section 260A of the Income Tax Act, 1961, against the Revenue. The central issue was whether books of account should be rejected before referring to the D.V.O. under Section 142A. The Court relied on a precedent set by the SC in Sargam Cinema vs. CIT, which was unfavorable to the Revenue, thus answering the question against them. Despite a divergent view from the Andhra Pradesh HC, the Court found it inapplicable, adhering to the SC's binding decision. Consequently, the appeals were dismissed, affirming the Tribunal's judgment. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313438