https://www.taxtmi.com/caselaws?id=421984 The ITAT Kolkata allowed the assessee's appeal against the CIT(A)'s dismissal due to delay in filing, emphasizing the legal right to appeal and substantial justice. The assessee was granted exemption u/s 10AA for export profits, with the ITAT stressing the need to prioritize exemption over adjusting losses. The ITAT directed the AO to verify and allow the exemption amount, highlighting the importance of proper verification. Upholding the legal right to appeal, the ITAT set aside the CIT(A)'s order, underscoring the significance of ensuring appeal rights despite procedural errors. en-us Fri, 11 Mar 2022 00:00:00 +0530 Fri, 06 May 2022 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421984 The ITAT Kolkata allowed the assessee's appeal against the CIT(A)'s dismissal due to delay in filing, emphasizing the legal right to appeal and substantial justice. The assessee was granted exemption u/s 10AA for export profits, with the ITAT stressing the need to prioritize exemption over adjusting losses. The ITAT directed the AO to verify and allow the exemption amount, highlighting the importance of proper verification. Upholding the legal right to appeal, the ITAT set aside the CIT(A)'s order, underscoring the significance of ensuring appeal rights despite procedural errors. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421984