|Income Tax Appellate Tribunal
Principle of Consistency in Taxation | ITAT Raipur Bars Revenue from Shifting Stance on Identical Facts Across AYs : ITAT
ITAT Raipur ruled that revenue authorities cannot alter their position on identical factual matrices across assessment years without material change, setting aside a ₹64.32 lakh addition. The decision reinforces the binding nature of the 'principle of consistency' for tax assessments, protecting assessees from arbitrary reassessments.