https://www.taxtmi.com/caselaws?id=345896 The Tribunal dismissed the Revenue's appeal against the respondent-assessee regarding the denial of benefits under sections 11 and 12 of the Act. The Tribunal found that the denial of benefits was unfounded, citing various reasons such as the unique circumstances surrounding the transfer of Fresh Frozen Plasma Units, the historical context of transactions, and the financial arrangements between the parties. The Tribunal emphasized the absence of legal issues warranting intervention and upheld the respondent-assessee's position, allowing the carry forward of the trust's loss. en-us Mon, 24 Jul 2017 00:00:00 +0530 Sat, 29 Jul 2017 07:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345896 The Tribunal dismissed the Revenue's appeal against the respondent-assessee regarding the denial of benefits under sections 11 and 12 of the Act. The Tribunal found that the denial of benefits was unfounded, citing various reasons such as the unique circumstances surrounding the transfer of Fresh Frozen Plasma Units, the historical context of transactions, and the financial arrangements between the parties. The Tribunal emphasized the absence of legal issues warranting intervention and upheld the respondent-assessee's position, allowing the carry forward of the trust's loss. Case-Laws Income Tax Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345896