https://www.taxtmi.com/caselaws?id=427456 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision that the rent and computer payments were reasonable and concessional, and the denial of exemption under section 11 was not justified. The Tribunal emphasized the importance of fair market value and proper benchmarks in assessing the reasonableness of transactions with specified persons. en-us Wed, 29 Jun 2022 00:00:00 +0530 Thu, 08 Sep 2022 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427456 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision that the rent and computer payments were reasonable and concessional, and the denial of exemption under section 11 was not justified. The Tribunal emphasized the importance of fair market value and proper benchmarks in assessing the reasonableness of transactions with specified persons. Case-Laws Income Tax Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427456