https://www.taxtmi.com/caselaws?id=294798 The Tribunal allowed the appeal for statistical purposes and remitted the issue of exemption under Section 10(38) of the Income-tax Act back to the Assessing Officer for fresh consideration. The Tribunal emphasized the need for the Assessing Officer to provide all relevant materials and reexamine the role of the assessee in promoting the company and inflating share prices. The orders of the lower authorities were set aside, and the Assessing Officer was directed to decide the issue afresh after giving a reasonable opportunity to the assessee. en-us Fri, 10 Jan 2020 00:00:00 +0530 Mon, 03 May 2021 21:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294798 The Tribunal allowed the appeal for statistical purposes and remitted the issue of exemption under Section 10(38) of the Income-tax Act back to the Assessing Officer for fresh consideration. The Tribunal emphasized the need for the Assessing Officer to provide all relevant materials and reexamine the role of the assessee in promoting the company and inflating share prices. The orders of the lower authorities were set aside, and the Assessing Officer was directed to decide the issue afresh after giving a reasonable opportunity to the assessee. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294798