CIT v. Kusum Bader

M/S KANDOI POWDERS MFG. CO. PVT. LTD.,JAIPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, JAIPUR

In the result, appeal of the assessee is allowed

…CIT 195 ITR 769 (Raj) has also viewed that where no fresh facts were available before the authority giving the later decision, the authority was not entitled to unsettle the earlier finding. The Hon’ble Rajasthan High Court in the case of CIT Vs Kusum Bader 185 ITR 70 (Raj) has also held that where the authority giving the earlier decision had taken into consideration all the facts, the later authority was not entitled to unsettle the earlier finding. In this case, the nature of business of the assessee remained the same, the nature of books of account remains the same, the payment of interest also remains th…