https://www.taxtmi.com/caselaws?id=281725 The Tribunal upheld that the Assessing Authority must comply with the mandatory provisions of the proviso to Section 143(3) before denying exemption under Section 10(23C)(vi) of the Income Tax Act. It was decided that prior to 1.4.2003, the Assessing Authority lacked the power to deny exemption without following the prescribed procedure. As a result, the decision favored the assessee, and both appeals were dismissed, leaving the second substantial question of law for future consideration. en-us Wed, 30 Oct 2013 00:00:00 +0530 Wed, 03 Jul 2019 15:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281725 The Tribunal upheld that the Assessing Authority must comply with the mandatory provisions of the proviso to Section 143(3) before denying exemption under Section 10(23C)(vi) of the Income Tax Act. It was decided that prior to 1.4.2003, the Assessing Authority lacked the power to deny exemption without following the prescribed procedure. As a result, the decision favored the assessee, and both appeals were dismissed, leaving the second substantial question of law for future consideration. Case-Laws Income Tax Wed, 30 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281725