https://www.taxtmi.com/caselaws?id=758709 The ITAT Bangalore allowed the assessee's appeal challenging an assessment order under section 147 read with section 144C(13). The tribunal held that the assessee was not an eligible assessee under section 144C(15)(ii) as they were a resident for the relevant assessment year, contrary to the revenue's incorrect treatment as non-resident at the time of issuing notice under section 148. The tribunal emphasized that applicable law for the relevant assessment year should be considered, citing SC precedent that income tax law in force for the specific assessment year applies unless otherwise stated. en-us Wed, 28 Aug 2024 00:00:00 +0530 Wed, 18 Sep 2024 07:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758709 The ITAT Bangalore allowed the assessee's appeal challenging an assessment order under section 147 read with section 144C(13). The tribunal held that the assessee was not an eligible assessee under section 144C(15)(ii) as they were a resident for the relevant assessment year, contrary to the revenue's incorrect treatment as non-resident at the time of issuing notice under section 148. The tribunal emphasized that applicable law for the relevant assessment year should be considered, citing SC precedent that income tax law in force for the specific assessment year applies unless otherwise stated. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758709