https://www.taxtmi.com/caselaws?id=413602 The Tribunal ruled in favor of the revenue regarding the taxability of the maturity amount under the amended Explanation-1 to Section 10(10D) of the Income Tax Act. However, the assessment order was quashed due to the invalid notice under Section 143(2) issued by a non-jurisdictional officer, leading to the allowance of the cross-objection of the assessee. The case emphasizes the significance of jurisdictional validity in tax assessments and the interpretation of amendments to tax provisions. en-us Thu, 30 Sep 2021 00:00:00 +0530 Sat, 16 Oct 2021 09:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413602 The Tribunal ruled in favor of the revenue regarding the taxability of the maturity amount under the amended Explanation-1 to Section 10(10D) of the Income Tax Act. However, the assessment order was quashed due to the invalid notice under Section 143(2) issued by a non-jurisdictional officer, leading to the allowance of the cross-objection of the assessee. The case emphasizes the significance of jurisdictional validity in tax assessments and the interpretation of amendments to tax provisions. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413602