Tax case dismissed for failure to raise exemption issue before assessing authority

The High Court of Madras dismissed the tax case as the exemption issue was not raised before the assessing authority by the assessee, precluding consideration by the Tribunal. The Tribunal lacked jurisdiction to entertain the exemption question raised for the first time.

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The High Court of Madras dismissed the tax case as the question of exemption was not raised by the assessee before the assessing authority, making it no longer open for consideration by the Tribunal. The Tribunal did not have jurisdiction to allow the exemption question to be raised for the first time.

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