https://www.taxtmi.com/caselaws?id=291833 The ITAT set aside the orders of the AO and CIT(A), remanding the case for reassessment. The Tribunal emphasized procedural fairness, noting the non-furnishing of the Directorate of Investigation's report to the assessee. The AO must reconsider the Section 10(38) exemption claim, ensuring the assessee has a fair opportunity to present their case. The appeal was allowed for statistical purposes, focusing on procedural grounds rather than a final tax liability determination. en-us Fri, 05 Jul 2019 00:00:00 +0530 Wed, 13 Nov 2024 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291833 The ITAT set aside the orders of the AO and CIT(A), remanding the case for reassessment. The Tribunal emphasized procedural fairness, noting the non-furnishing of the Directorate of Investigation's report to the assessee. The AO must reconsider the Section 10(38) exemption claim, ensuring the assessee has a fair opportunity to present their case. The appeal was allowed for statistical purposes, focusing on procedural grounds rather than a final tax liability determination. Case-Laws Income Tax Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291833