https://www.taxtmi.com/caselaws?id=394359 The High Court set aside the order rejecting the review petition under Section 264 of the Income Tax Act, emphasizing the lack of cogent reasons for denying exemption under Section 11 for the Religious and Charitable institution. The court highlighted the petitioner's right to a fair opportunity to claim exemption under Section 12A and the necessity for proper reasoning by the Assessing Officer. The matter was remitted to the Commissioner of Income-tax (Exemption) for a fresh consideration, stressing the significance of providing a fair hearing and detailed analysis in cases involving such exemptions. en-us Thu, 20 Feb 2020 00:00:00 +0530 Thu, 09 Apr 2020 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394359 The High Court set aside the order rejecting the review petition under Section 264 of the Income Tax Act, emphasizing the lack of cogent reasons for denying exemption under Section 11 for the Religious and Charitable institution. The court highlighted the petitioner's right to a fair opportunity to claim exemption under Section 12A and the necessity for proper reasoning by the Assessing Officer. The matter was remitted to the Commissioner of Income-tax (Exemption) for a fresh consideration, stressing the significance of providing a fair hearing and detailed analysis in cases involving such exemptions. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394359