https://www.taxtmi.com/caselaws?id=343739 The ITAT allowed the assessee's appeal for statistical purposes, directing the restoration of the assessment to the Assessing Officer for re-examination. The denial of exemptions u/s 10(23C)(vi) and u/s 11 and 12 was reconsidered, emphasizing the need to assess the application for approval u/s 10(23C)(vi) and provide the assessee with a fair opportunity to present its case. The disallowance of capital expenditure and charging of interest under sections 220(2), 234A, and 234B were not specifically addressed in the judgment, with the focus primarily on the restoration of the assessment for re-examination. en-us Thu, 11 May 2017 00:00:00 +0530 Mon, 29 May 2017 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343739 The ITAT allowed the assessee's appeal for statistical purposes, directing the restoration of the assessment to the Assessing Officer for re-examination. The denial of exemptions u/s 10(23C)(vi) and u/s 11 and 12 was reconsidered, emphasizing the need to assess the application for approval u/s 10(23C)(vi) and provide the assessee with a fair opportunity to present its case. The disallowance of capital expenditure and charging of interest under sections 220(2), 234A, and 234B were not specifically addressed in the judgment, with the focus primarily on the restoration of the assessment for re-examination. Case-Laws Income Tax Thu, 11 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343739