https://www.taxtmi.com/caselaws?id=214492 The Tribunal set aside the CIT(A)'s decision to allow expenses and rejected the exemption claim under Section 10(23C)(iiiad). The Tribunal found that the CIT(A) did not properly follow Rule 46A in admitting additional evidence and directed a reconsideration, emphasizing the need for proper verification and recording of reasons. The Revenue's appeal was allowed for statistical purposes. en-us Thu, 31 May 2012 00:00:00 +0530 Tue, 03 Jul 2012 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214492 The Tribunal set aside the CIT(A)'s decision to allow expenses and rejected the exemption claim under Section 10(23C)(iiiad). The Tribunal found that the CIT(A) did not properly follow Rule 46A in admitting additional evidence and directed a reconsideration, emphasizing the need for proper verification and recording of reasons. The Revenue's appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214492