https://www.taxtmi.com/caselaws?id=32690 The High Court found that the Commissioner failed to consider the petitioners' claim for exemption under section 10(22) of the Income-tax Act, leading to a premature decision. The court quashed the order dated July 29, 1992, and remanded the matter back to the Commissioner to consider the exemption claim within three months. The findings on exemption would be treated as an order under section 132(12) of the Act. The interim orders staying assessment proceedings were to remain in force, emphasizing the need for a fair assessment process. en-us Thu, 10 Aug 2006 00:00:00 +0530 Sat, 21 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32690 The High Court found that the Commissioner failed to consider the petitioners' claim for exemption under section 10(22) of the Income-tax Act, leading to a premature decision. The court quashed the order dated July 29, 1992, and remanded the matter back to the Commissioner to consider the exemption claim within three months. The findings on exemption would be treated as an order under section 132(12) of the Act. The interim orders staying assessment proceedings were to remain in force, emphasizing the need for a fair assessment process. Case-Laws Income Tax Thu, 10 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32690