https://www.taxtmi.com/caselaws?id=434470 The Income Tax Appellate Tribunal (ITAT) allowed both appeals filed by the Assessee for statistical purposes, setting aside the issues to the Assessing Officer for fresh adjudication based on the provisions of law. The ITAT considered the Assessee's delay in filing the appeal justified due to reliance on professional advice and highlighted the Assessee's eligibility for benefits under sections 11 and 12 for preceding assessment years. The decision emphasized allowing legitimate deductions even in cases of Assessee's mistakes to prevent over-assessment. en-us Wed, 18 Jan 2023 00:00:00 +0530 Fri, 24 Feb 2023 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434470 The Income Tax Appellate Tribunal (ITAT) allowed both appeals filed by the Assessee for statistical purposes, setting aside the issues to the Assessing Officer for fresh adjudication based on the provisions of law. The ITAT considered the Assessee's delay in filing the appeal justified due to reliance on professional advice and highlighted the Assessee's eligibility for benefits under sections 11 and 12 for preceding assessment years. The decision emphasized allowing legitimate deductions even in cases of Assessee's mistakes to prevent over-assessment. Case-Laws Income Tax Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434470