https://www.taxtmi.com/caselaws?id=246841 The Tribunal allowed the appeal for statistical purposes, remitting the issues back to the Assessing Officer for fresh adjudication. The Tribunal held that the CIT(A) should have considered the grounds seeking exclusion of income and expenditure related to demerged units to implement the Rehabilitation Scheme approved by BIFR. The importance of assessing revised financial information in cases involving regulatory schemes like BIFR was emphasized, highlighting the necessity for fair evaluation based on updated financial data and proper consideration of additional grounds raised by the assessee. en-us Fri, 26 Jul 2013 00:00:00 +0530 Thu, 24 Apr 2014 08:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246841 The Tribunal allowed the appeal for statistical purposes, remitting the issues back to the Assessing Officer for fresh adjudication. The Tribunal held that the CIT(A) should have considered the grounds seeking exclusion of income and expenditure related to demerged units to implement the Rehabilitation Scheme approved by BIFR. The importance of assessing revised financial information in cases involving regulatory schemes like BIFR was emphasized, highlighting the necessity for fair evaluation based on updated financial data and proper consideration of additional grounds raised by the assessee. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246841