https://www.taxtmi.com/caselaws?id=415768 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT(A)'s decisions. The exemption under Section 11 was allowed, advances to members were considered legitimate land payments, and salary payments were deemed reasonable. The Tribunal found the cited case laws inapplicable as transactions were at arm's length prices and justified. en-us Mon, 04 Oct 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415768 The Tribunal dismissed the Revenue's appeals for both assessment years, upholding the CIT(A)'s decisions. The exemption under Section 11 was allowed, advances to members were considered legitimate land payments, and salary payments were deemed reasonable. The Tribunal found the cited case laws inapplicable as transactions were at arm's length prices and justified. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415768