https://www.taxtmi.com/caselaws?id=274258 The ITAT Delhi allowed the appeal, holding that the assessee was entitled to exemption under section 10(23C)(iiiad) of the Income Tax Act. The ITAT emphasized that the Uttarakhand High Court's judgment had been set aside by the Supreme Court and there were no material changes in facts. Therefore, the surplus income invested in fixed assets qualified for exemption, overturning the decisions of the Assessing Officer and the CIT(A). en-us Tue, 29 Nov 2016 00:00:00 +0530 Sat, 04 Aug 2018 08:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274258 The ITAT Delhi allowed the appeal, holding that the assessee was entitled to exemption under section 10(23C)(iiiad) of the Income Tax Act. The ITAT emphasized that the Uttarakhand High Court's judgment had been set aside by the Supreme Court and there were no material changes in facts. Therefore, the surplus income invested in fixed assets qualified for exemption, overturning the decisions of the Assessing Officer and the CIT(A). Case-Laws Income Tax Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274258