https://www.taxtmi.com/caselaws?id=260048 The Tribunal upheld the CIT(A)'s decision regarding the non-service of notice under Section 143(2) within the prescribed period, finding it validly served. However, the Tribunal remanded the issue to the AO for verification. On the taxability of the Rs. 44 lakhs received from the Delhi Stock Exchange on account of demutualization, the Tribunal remanded the matter to the AO for further examination based on relevant legal provisions and case laws, distinguishing it from previous cases. The AO was instructed to reassess the taxability and provide the assessee with an opportunity to present their case. en-us Fri, 08 May 2015 00:00:00 +0530 Fri, 29 May 2015 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260048 The Tribunal upheld the CIT(A)'s decision regarding the non-service of notice under Section 143(2) within the prescribed period, finding it validly served. However, the Tribunal remanded the issue to the AO for verification. On the taxability of the Rs. 44 lakhs received from the Delhi Stock Exchange on account of demutualization, the Tribunal remanded the matter to the AO for further examination based on relevant legal provisions and case laws, distinguishing it from previous cases. The AO was instructed to reassess the taxability and provide the assessee with an opportunity to present their case. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260048