https://www.taxtmi.com/caselaws?id=367958 The Tribunal restored the case to the Assessing Officer (AO) for re-adjudication regarding denial of exemption under Section 11 of the Income Tax Act. The AO was directed to reconsider the assessee's claim that its activities were incidental to its main objectives and that surplus was reinvested. The Tribunal allowed the appeal for statistical purposes, leaving all issues open for reassessment by the AO. The Tribunal found the AO's approach partly erroneous and emphasized the need for a comprehensive review of the facts. en-us Wed, 26 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367958 The Tribunal restored the case to the Assessing Officer (AO) for re-adjudication regarding denial of exemption under Section 11 of the Income Tax Act. The AO was directed to reconsider the assessee's claim that its activities were incidental to its main objectives and that surplus was reinvested. The Tribunal allowed the appeal for statistical purposes, leaving all issues open for reassessment by the AO. The Tribunal found the AO's approach partly erroneous and emphasized the need for a comprehensive review of the facts. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367958