Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Page of 4803
Press 'Enter' after typing page number.
1001 to 1020 of 96046 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The ITAT rejected the Revenue's appeal concerning disallowance of exemption under s.10(23C)(vi). The Tribunal accepted the assessee's contention that the AO failed to comply with the mandatory procedural requirements of s.143(3) first proviso, which requires specific show-cause notice before rejecting an exemption claim. The ITAT determined it had jurisdiction to decide this fundamental question under Rule 27 of the Appellate Tribunal Rules, 1963, despite the Revenue's technical objection. Finding no evidence that the AO had fulfilled the statutory requirements of providing proper opportunity to the assessee, the Tribunal upheld the assessee's legal arguments and dismissed the Revenue's appeal.
The ITAT rejected the Revenue's appeal concerning disallowance of exemption under s.10(23C)(vi). The Tribunal accepted the assessee's contention that the AO failed to comply with the mandatory procedural requirements of s.143(3) first proviso, which requires specific show-cause notice before rejecting an exemption claim. The ITAT determined it had jurisdiction to decide this fundamental question under Rule 27 of the Appellate Tribunal Rules, 1963, despite the Revenue's technical objection. Finding no evidence that the AO had fulfilled the statutory requirements of providing proper opportunity to the assessee, the Tribunal upheld the assessee's legal arguments and dismissed the Revenue's appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
