https://www.taxtmi.com/caselaws?id=369637 A remand for fresh factual inquiry was upheld where the Tribunal directed de novo examination of the assessee's claim in light of the Supreme Court's ruling in Citizen Co-Operative Society Ltd. v. ACIT. The High Court accepted that the nature of the assessee's activity and receipt of deposits from non-members required further scrutiny, and held that no substantial question of law arose for admission of the appeal. It also noted that the Assessing Authority would decide the matter independently and that the remand observations would not prejudice either party. en-us Wed, 10 Oct 2018 00:00:00 +0530 Wed, 31 Oct 2018 10:44:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369637 A remand for fresh factual inquiry was upheld where the Tribunal directed de novo examination of the assessee's claim in light of the Supreme Court's ruling in Citizen Co-Operative Society Ltd. v. ACIT. The High Court accepted that the nature of the assessee's activity and receipt of deposits from non-members required further scrutiny, and held that no substantial question of law arose for admission of the appeal. It also noted that the Assessing Authority would decide the matter independently and that the remand observations would not prejudice either party. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369637