https://www.taxtmi.com/caselaws?id=339576 The Tribunal deemed the reassessment proceedings for A.Y. 1999-2000 invalid due to failure to address the reason for reopening, following precedents. Special audit orders were invalidated for lack of opportunity to be heard. Exemption denials under sections 10(23C)(vi) and 11 were upheld and rejected, respectively. Expenses on World Peace Centre were allowed. Disallowances under sections 40A(3), 40A(7), and 43B were deemed inapplicable. Adjustments were directed for unexplained credits and capital expenses. CIT(A) enhancements were restricted to violations under section 13(1)(c). Appeals were allowed for specific years, with adjustments directed by the Assessing Officer. en-us Fri, 10 Feb 2017 00:00:00 +0530 Wed, 10 May 2017 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339576 The Tribunal deemed the reassessment proceedings for A.Y. 1999-2000 invalid due to failure to address the reason for reopening, following precedents. Special audit orders were invalidated for lack of opportunity to be heard. Exemption denials under sections 10(23C)(vi) and 11 were upheld and rejected, respectively. Expenses on World Peace Centre were allowed. Disallowances under sections 40A(3), 40A(7), and 43B were deemed inapplicable. Adjustments were directed for unexplained credits and capital expenses. CIT(A) enhancements were restricted to violations under section 13(1)(c). Appeals were allowed for specific years, with adjustments directed by the Assessing Officer. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339576