https://www.taxtmi.com/caselaws?id=400120 The appeal was allowed, setting aside the orders of the Tribunal and CIT(A), remanding the matter to the AO for fresh consideration. The Court emphasized the need to assess whether the Assessee's activities were commercial and instructed the AO to consider legal principles laid down by the Courts and Tribunal. Substantial questions of law were left open, and no costs were awarded. en-us Wed, 09 Sep 2020 00:00:00 +0530 Wed, 28 Oct 2020 10:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400120 The appeal was allowed, setting aside the orders of the Tribunal and CIT(A), remanding the matter to the AO for fresh consideration. The Court emphasized the need to assess whether the Assessee's activities were commercial and instructed the AO to consider legal principles laid down by the Courts and Tribunal. Substantial questions of law were left open, and no costs were awarded. Case-Laws Income Tax Wed, 09 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400120