https://www.taxtmi.com/caselaws?id=385990 The Tribunal ruled in favor of the assessee, holding that the reopening of the assessment under sections 147/148 of the Income Tax Act was not valid as it was based on mere suspicion without tangible material. Additionally, the disallowance of exemption under section 11 was deemed unjustified as the Department failed to prove that the assessee was not registered under section 12AA. Consequently, the appeal of the assessee was allowed. en-us Wed, 31 Jul 2019 00:00:00 +0530 Thu, 19 Sep 2019 13:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385990 The Tribunal ruled in favor of the assessee, holding that the reopening of the assessment under sections 147/148 of the Income Tax Act was not valid as it was based on mere suspicion without tangible material. Additionally, the disallowance of exemption under section 11 was deemed unjustified as the Department failed to prove that the assessee was not registered under section 12AA. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385990