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    <title>2011 (5) TMI 986 - ITAT DELHI</title>
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    <description>The Tribunal partly allowed the assessee&#039;s appeals and dismissed the revenue&#039;s appeal. The AO was directed to grant exemptions under sections 54B and 54F as claimed by the assessee. The Tribunal held that the notice served under section 143(2) was valid and rejected the challenge to the CIT(A)&#039;s order sustainability. The disallowance of exemptions under sections 54B and 54F was overturned, and the addition under section 54EC was deleted.</description>
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    <pubDate>Fri, 20 May 2011 00:00:00 +0530</pubDate>
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      <title>2011 (5) TMI 986 - ITAT DELHI</title>
      <link>https://www.taxtmi.com/caselaws?id=181500</link>
      <description>The Tribunal partly allowed the assessee&#039;s appeals and dismissed the revenue&#039;s appeal. The AO was directed to grant exemptions under sections 54B and 54F as claimed by the assessee. The Tribunal held that the notice served under section 143(2) was valid and rejected the challenge to the CIT(A)&#039;s order sustainability. The disallowance of exemptions under sections 54B and 54F was overturned, and the addition under section 54EC was deleted.</description>
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      <pubDate>Fri, 20 May 2011 00:00:00 +0530</pubDate>
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