Kerala HC Sets Aside ITAT Order as It Proceeded on Erroneous Assumption

Advertisement Malabar Regional Co-Operative Milk Producers Union Limited Vs ACIT (Kerala High Court) The Kerala High Court set aside the order of the Income Tax Appellate Tribunal (ITAT), Cochin Bench, and remanded the matter for fresh consideration after finding that the Tribunal proceeded on an erroneous assumption while deciding the assessee’s appeal. The dispute arose from an order passed by the Commissioner of Income Tax under Section 263 of the Income Tax Act concerning two disallowances. The assessee contended that the Commissioner had already decided one of the issues relating to ...