https://www.taxtmi.com/caselaws?id=442529 The appellate tribunal partially allowed the appeal, finding procedural errors in the handling of the revised return filed on 15.01.2020. It determined that the revised return should have been accepted, thus invalidating the disallowance of losses amounting to Rs. 3,51,811. The tribunal also found the CIT(A)'s dismissal of the appeal to be unreasoned and against natural justice principles. However, it denied the request for awarding costs to the assessee, citing no mala fide intent or irreparable harm from the lower authorities. The issue of tax exemption on income was not specifically addressed. en-us Mon, 31 Jul 2023 00:00:00 +0530 Tue, 02 Jan 2024 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442529 The appellate tribunal partially allowed the appeal, finding procedural errors in the handling of the revised return filed on 15.01.2020. It determined that the revised return should have been accepted, thus invalidating the disallowance of losses amounting to Rs. 3,51,811. The tribunal also found the CIT(A)'s dismissal of the appeal to be unreasoned and against natural justice principles. However, it denied the request for awarding costs to the assessee, citing no mala fide intent or irreparable harm from the lower authorities. The issue of tax exemption on income was not specifically addressed. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442529