https://www.taxtmi.com/caselaws?id=419393 The Tribunal acknowledged the delay in serving the CIT(A) order on the Appellant, condoning the delay and admitting the appeal for adjudication. Natural justice was deemed denied due to lack of opportunity to be heard, leading to the acceptance of the appeal for further consideration. The disallowance of exemption under section 54F was remanded for fresh consideration after observing procedural shortcomings. The levy of interest under sections 234B and 234D was not discussed, and the appeal allowed for statistical purposes. Similarly, the penalty proceedings under section 271(1)(c) were not addressed, with the appeal allowed without specific commentary on the issue. en-us Mon, 07 Mar 2022 00:00:00 +0530 Thu, 10 Mar 2022 08:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419393 The Tribunal acknowledged the delay in serving the CIT(A) order on the Appellant, condoning the delay and admitting the appeal for adjudication. Natural justice was deemed denied due to lack of opportunity to be heard, leading to the acceptance of the appeal for further consideration. The disallowance of exemption under section 54F was remanded for fresh consideration after observing procedural shortcomings. The levy of interest under sections 234B and 234D was not discussed, and the appeal allowed for statistical purposes. Similarly, the penalty proceedings under section 271(1)(c) were not addressed, with the appeal allowed without specific commentary on the issue. Case-Laws Income Tax Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419393