High Court Reverses ITAT's Decision on Disallowance of Service Charges; Each Tax Year Must Be Assessed Independently.

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....Disallowance of service charges paid under Section 40A(2) - High Court was perfectly justified in reversing the eventual conclusion of the learned ITAT on the basis that the findings and conclusions recorded in the course of the assessment proceedings of the previous year cannot foreclose the findings that are required to be arrived at for the Assessment Year in question - SC....