https://www.taxtmi.com/caselaws?id=377655 The ITAT upheld the CIT(A)'s decision in a tax case involving alleged violations of Sections 13(1)(c) and 13(1)(d) of the Income Tax Act, 1961. The Department's appeal was dismissed as they failed to provide new evidence supporting the alleged violations. The ITAT referenced prior decisions where similar transactions were deemed compliant with Section 11. Consequently, the exemption under Section 11 was justified, and the Department's appeal and the assessee's cross-objection were both dismissed. en-us Thu, 28 Mar 2019 00:00:00 +0530 Tue, 02 Apr 2019 07:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377655 The ITAT upheld the CIT(A)'s decision in a tax case involving alleged violations of Sections 13(1)(c) and 13(1)(d) of the Income Tax Act, 1961. The Department's appeal was dismissed as they failed to provide new evidence supporting the alleged violations. The ITAT referenced prior decisions where similar transactions were deemed compliant with Section 11. Consequently, the exemption under Section 11 was justified, and the Department's appeal and the assessee's cross-objection were both dismissed. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377655