https://www.taxtmi.com/caselaws?id=349476 The Tribunal allowed the appeal, setting aside the orders of the AO and CIT(A), remanding the exemption claim under Section 54 back to the AO for fresh consideration in compliance with the Karnataka HC's directions. The Tribunal emphasized adherence to the HC's observations and providing the assessee with a fair opportunity to present their case. en-us Fri, 06 Oct 2017 00:00:00 +0530 Mon, 16 Oct 2017 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349476 The Tribunal allowed the appeal, setting aside the orders of the AO and CIT(A), remanding the exemption claim under Section 54 back to the AO for fresh consideration in compliance with the Karnataka HC's directions. The Tribunal emphasized adherence to the HC's observations and providing the assessee with a fair opportunity to present their case. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349476