https://www.taxtmi.com/caselaws?id=369707 The ITAT restored the matter to the Assessing Officer for a fresh assessment, emphasizing procedural fairness and thorough examination of rent-related issues. The AO's disallowance of excessive rent payments and denial of exemption under section 11 of the Income Tax Act were found lacking justification and violating principles of natural justice. The ITAT directed the AO to reevaluate the issue, providing the assessee with a fair opportunity to present its case and submit necessary documents, highlighting the need for a detailed review and proper application of legal provisions. en-us Tue, 30 Oct 2018 00:00:00 +0530 Fri, 21 Dec 2018 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369707 The ITAT restored the matter to the Assessing Officer for a fresh assessment, emphasizing procedural fairness and thorough examination of rent-related issues. The AO's disallowance of excessive rent payments and denial of exemption under section 11 of the Income Tax Act were found lacking justification and violating principles of natural justice. The ITAT directed the AO to reevaluate the issue, providing the assessee with a fair opportunity to present its case and submit necessary documents, highlighting the need for a detailed review and proper application of legal provisions. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369707