https://www.taxtmi.com/caselaws?id=392139 The Court allowed the appeal, setting aside the Income Tax Appellate Tribunal's decision denying exemption under Section 10(22) of the Income Tax Act for the assessment year 1994-95. The case was remanded to the Assessing Officer for fresh consideration based on relevant legal precedents, including the Supreme Court's decision in a similar case. Despite the subsequent omission of Section 10(22) from the Act, the Court emphasized the applicability of precedents to the case at hand, leaving all questions open for further examination. en-us Wed, 22 Jan 2020 00:00:00 +0530 Fri, 14 Feb 2020 09:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392139 The Court allowed the appeal, setting aside the Income Tax Appellate Tribunal's decision denying exemption under Section 10(22) of the Income Tax Act for the assessment year 1994-95. The case was remanded to the Assessing Officer for fresh consideration based on relevant legal precedents, including the Supreme Court's decision in a similar case. Despite the subsequent omission of Section 10(22) from the Act, the Court emphasized the applicability of precedents to the case at hand, leaving all questions open for further examination. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392139