https://www.taxtmi.com/caselaws?id=787565 Revisionary jurisdiction to reopen assessments is restricted where established tribunal precedent and the taxpayer's immediately preceding year decision support the tax treatment; accordingly, deduction under section 36(1)(viia) for provisions on standard assets will ordinarily be allowable and cannot be set aside under revisionary powers absent a demonstrated failure of inquiry or an impermissible legal view by the assessing officer. Alleged non verification of related party payments did not produce additions on reconsideration, so no separate relief for revenue was sustained on that point. en-us Thu, 29 Jan 2026 00:00:00 +0530 Mon, 09 Mar 2026 07:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787565 Revisionary jurisdiction to reopen assessments is restricted where established tribunal precedent and the taxpayer's immediately preceding year decision support the tax treatment; accordingly, deduction under section 36(1)(viia) for provisions on standard assets will ordinarily be allowable and cannot be set aside under revisionary powers absent a demonstrated failure of inquiry or an impermissible legal view by the assessing officer. Alleged non verification of related party payments did not produce additions on reconsideration, so no separate relief for revenue was sustained on that point. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787565