https://www.taxtmi.com/caselaws?id=467539 A departmental appeal against deletion of income treated as taxable under Section 56 became infructuous after the department issued a notice under Section 153C for the same assessment year, requiring a fresh true and correct return. The Tribunal noted that this subsequent action initiated a new assessment process following the High Court decision relied on below, so the earlier challenge to the Section 250 order no longer had practical effect. The contested proceedings were treated as academic because the assessment could be revisited through the fresh Section 153C proceedings. en-us Tue, 18 Feb 2025 00:00:00 +0530 Mon, 23 Mar 2026 20:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467539 A departmental appeal against deletion of income treated as taxable under Section 56 became infructuous after the department issued a notice under Section 153C for the same assessment year, requiring a fresh true and correct return. The Tribunal noted that this subsequent action initiated a new assessment process following the High Court decision relied on below, so the earlier challenge to the Section 250 order no longer had practical effect. The contested proceedings were treated as academic because the assessment could be revisited through the fresh Section 153C proceedings. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467539