AO cannot take different Opinion on Matters involving Similar Facts

PCIT Vs Power Links Transmission Ltd. (Delhi High Court)

Undoubtedly, the principles of res-judicata and estoppel are not applicable in taxation matters. However, it has been held that a departure from a finding during the past years would result in a contradictory finding. (See: Commissioner of Income Tax vs. Sridev Enterprises (1991) 192 ITR 165). In fact, in Commissioner of Income Tax vs Excel Industries Ltd (2014) 13 SCC 457, the Court

Please become a Premium member. If you are already a Premium member, login here to access the full content.