https://www.taxtmi.com/caselaws?id=423721 The Income Tax Appellate Tribunal (ITAT) remanded the case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh adjudication. The ITAT found discrepancies in the findings of the AO and CIT(A) regarding the assessee's marketing activities. The Tribunal instructed the CIT(A) to reevaluate the evidence, consider the entire chain of activities, and provide the assessee with adequate opportunities to present its case. The appeal by the Revenue was allowed for statistical purposes, keeping all contentions open for reconsideration. The decision emphasized the importance of a comprehensive assessment to determine the assessee's eligibility for the deduction under Section 80P(2)(a)(iii). en-us Thu, 09 Jun 2022 00:00:00 +0530 Mon, 13 Jun 2022 14:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423721 The Income Tax Appellate Tribunal (ITAT) remanded the case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh adjudication. The ITAT found discrepancies in the findings of the AO and CIT(A) regarding the assessee's marketing activities. The Tribunal instructed the CIT(A) to reevaluate the evidence, consider the entire chain of activities, and provide the assessee with adequate opportunities to present its case. The appeal by the Revenue was allowed for statistical purposes, keeping all contentions open for reconsideration. The decision emphasized the importance of a comprehensive assessment to determine the assessee's eligibility for the deduction under Section 80P(2)(a)(iii). Case-Laws Income Tax Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423721