https://www.taxtmi.com/caselaws?id=406102 The Tribunal set aside the CIT(A)'s order denying exemption under sections 11 and 12 of the Income Tax Act, directing the AO to recompute the income based on the judgment of the Hon'ble Gujarat High Court. Due to the Tribunal's decision in a separate appeal, no effect was given to the CIT(A)'s order dated 8.3.2017, leading to the dismissal of the Revenue's appeal. The assessment order passed under section 143(3) read with section 263 on 27.3.2017 was deemed baseless as the original assessment order was no longer valid, resulting in the dismissal of both appeals. en-us Thu, 25 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 08:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406102 The Tribunal set aside the CIT(A)'s order denying exemption under sections 11 and 12 of the Income Tax Act, directing the AO to recompute the income based on the judgment of the Hon'ble Gujarat High Court. Due to the Tribunal's decision in a separate appeal, no effect was given to the CIT(A)'s order dated 8.3.2017, leading to the dismissal of the Revenue's appeal. The assessment order passed under section 143(3) read with section 263 on 27.3.2017 was deemed baseless as the original assessment order was no longer valid, resulting in the dismissal of both appeals. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406102