https://www.taxtmi.com/caselaws?id=217337 The Third Member of ITAT Ahmedabad Benches ruled in favor of the assessee in a case involving the restoration of the matter to CIT(A) or Tribunal's decision. The Third Member found that the issue did not require restoration to CIT(A) as the Revenue did not raise specific grounds of appeal. Additionally, the Third Member agreed with the JM's decision on the nature of the "Corpus Fund" and concluded that the amount indeed constituted the "Corpus Fund" based on evidence provided by the assessee. The matter was directed to the Division Bench for further proceedings in line with the majority view. en-us Fri, 13 Jul 2012 00:00:00 +0530 Thu, 13 Sep 2012 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217337 The Third Member of ITAT Ahmedabad Benches ruled in favor of the assessee in a case involving the restoration of the matter to CIT(A) or Tribunal's decision. The Third Member found that the issue did not require restoration to CIT(A) as the Revenue did not raise specific grounds of appeal. Additionally, the Third Member agreed with the JM's decision on the nature of the "Corpus Fund" and concluded that the amount indeed constituted the "Corpus Fund" based on evidence provided by the assessee. The matter was directed to the Division Bench for further proceedings in line with the majority view. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217337