https://www.taxtmi.com/caselaws?id=249598 The Tribunal partly allowed the appeal, directing the AO to reexamine the denial of Sec. 11 exemption under Sec. 13(1)(c) and Sec. 10(23EA) exemption claims. The Tribunal found lack of evidence supporting Revenue's allegations and ordered fresh verification. The issue of double addition of Rs. 30 lakhs was remanded for verification. The Tribunal upheld the levy of interest under Sec. 234B and 234D as mandatory. The order was pronounced on 23rd May, 2014, ensuring a fair opportunity for the assessee to present evidence. en-us Fri, 23 May 2014 00:00:00 +0530 Tue, 23 Feb 2016 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249598 The Tribunal partly allowed the appeal, directing the AO to reexamine the denial of Sec. 11 exemption under Sec. 13(1)(c) and Sec. 10(23EA) exemption claims. The Tribunal found lack of evidence supporting Revenue's allegations and ordered fresh verification. The issue of double addition of Rs. 30 lakhs was remanded for verification. The Tribunal upheld the levy of interest under Sec. 234B and 234D as mandatory. The order was pronounced on 23rd May, 2014, ensuring a fair opportunity for the assessee to present evidence. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249598