https://www.taxtmi.com/caselaws?id=429412 The Tribunal upheld the decision of the Learned Commissioner of Income Tax (Appeals) to grant exemption under section 11 to the assessee, a trust operating as an academy for education in the mercantile marine field. The revenue's appeal against the deletion of disallowance of Rs. 3,24,18,913 and granting of exemption was dismissed. The Tribunal emphasized the significance of tax authorities properly assessing submissions and evidence during assessment proceedings to ensure equitable treatment for taxpayers seeking exemptions under the Income Tax Act. en-us Fri, 30 Sep 2022 00:00:00 +0530 Thu, 27 Oct 2022 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429412 The Tribunal upheld the decision of the Learned Commissioner of Income Tax (Appeals) to grant exemption under section 11 to the assessee, a trust operating as an academy for education in the mercantile marine field. The revenue's appeal against the deletion of disallowance of Rs. 3,24,18,913 and granting of exemption was dismissed. The Tribunal emphasized the significance of tax authorities properly assessing submissions and evidence during assessment proceedings to ensure equitable treatment for taxpayers seeking exemptions under the Income Tax Act. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429412