https://www.taxtmi.com/caselaws?id=430489 The High Court clarified that the power of remand for relief granted by the CIT(A) under Section 250(4) of the Income Tax Act cannot be exercised without perversity. The court held that the Tribunal should have focused on verifying the material before allowing deductions claimed by the assessee and set aside the impugned order, upholding the CIT(A)'s detailed order on all issues, including the grant of deduction under Section 80JJAA and deduction of loss on exchange rate fluctuations. The court allowed the appeal in favor of the assessee, deciding the questions of law in favor of the assessee against the revenue. en-us Wed, 09 Nov 2022 00:00:00 +0530 Mon, 21 Nov 2022 09:52:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430489 The High Court clarified that the power of remand for relief granted by the CIT(A) under Section 250(4) of the Income Tax Act cannot be exercised without perversity. The court held that the Tribunal should have focused on verifying the material before allowing deductions claimed by the assessee and set aside the impugned order, upholding the CIT(A)'s detailed order on all issues, including the grant of deduction under Section 80JJAA and deduction of loss on exchange rate fluctuations. The court allowed the appeal in favor of the assessee, deciding the questions of law in favor of the assessee against the revenue. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430489