https://www.taxtmi.com/caselaws?id=428828 The Tribunal ruled in favor of the assessee, deciding that the Assessing Officer (AO) acted beyond jurisdiction due to the vested concurrent jurisdiction with the Commissioner of Income Tax (Exemption) (CIT(E)). The Tribunal allowed the appeals, granting the benefits of sections 11 and 12 for the relevant assessment years. Additionally, the Tribunal accepted the assessee's valuation report for the cost of acquisition of land and confirmed the assessee's status as a trust entitled to registration under section 12A. en-us Wed, 22 Jun 2022 00:00:00 +0530 Tue, 11 Oct 2022 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428828 The Tribunal ruled in favor of the assessee, deciding that the Assessing Officer (AO) acted beyond jurisdiction due to the vested concurrent jurisdiction with the Commissioner of Income Tax (Exemption) (CIT(E)). The Tribunal allowed the appeals, granting the benefits of sections 11 and 12 for the relevant assessment years. Additionally, the Tribunal accepted the assessee's valuation report for the cost of acquisition of land and confirmed the assessee's status as a trust entitled to registration under section 12A. Case-Laws Income Tax Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428828