https://www.taxtmi.com/caselaws?id=268191 The High Court upheld the order passed by the Tribunal allowing the respondent's claim for exemption under Section 54 of the Income Tax Act, 1961. The court emphasized the need for the Revenue to provide specific reasons in the appeal memo or an affidavit when deciding not to appeal a decision, to ensure fair application of the law and prevent selective enforcement. The Revenue was given time to submit an appropriate affidavit explaining their position. en-us Tue, 27 Jan 2015 00:00:00 +0530 Fri, 20 Nov 2015 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268191 The High Court upheld the order passed by the Tribunal allowing the respondent's claim for exemption under Section 54 of the Income Tax Act, 1961. The court emphasized the need for the Revenue to provide specific reasons in the appeal memo or an affidavit when deciding not to appeal a decision, to ensure fair application of the law and prevent selective enforcement. The Revenue was given time to submit an appropriate affidavit explaining their position. Case-Laws Income Tax Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268191