https://www.taxtmi.com/caselaws?id=387257 The Court found in favor of the petitioner, ruling that the assessment order was legally unsustainable due to improper consideration of exemption claims under Section 12A and Section 10(23)C of the Income Tax Act. The Assessing Officer failed to apply the first proviso to Section 12A correctly and misapplied the provision of Section 10(23)C, leading to the quashing of the assessment order. The 1st respondent was instructed to conduct a fresh assessment, providing the petitioner with an opportunity to be heard, and to issue new assessment orders within a month. en-us Fri, 11 Oct 2019 00:00:00 +0530 Tue, 09 Aug 2022 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387257 The Court found in favor of the petitioner, ruling that the assessment order was legally unsustainable due to improper consideration of exemption claims under Section 12A and Section 10(23)C of the Income Tax Act. The Assessing Officer failed to apply the first proviso to Section 12A correctly and misapplied the provision of Section 10(23)C, leading to the quashing of the assessment order. The 1st respondent was instructed to conduct a fresh assessment, providing the petitioner with an opportunity to be heard, and to issue new assessment orders within a month. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387257