https://www.taxtmi.com/caselaws?id=447540 ITAT Mumbai-AT allowed revenue's appeal for statistical purposes regarding exemption under section 11 for AY 2018-19. The tribunal found that CIT(A) erred by not considering the amended proviso to section 2(15) effective from 01.04.2016 and failed to apply recent SC decisions in Ahmedabad Urban Development Authority and Servants of People Society cases. The AO had only discussed mutuality principles without considering the statutory proviso. The tribunal set aside the order and remanded the matter to AO for fresh assessment, directing proper consideration of exemption claims under amended provisions with adequate opportunity to the assessee. en-us Wed, 29 Nov 2023 00:00:00 +0530 Thu, 28 Dec 2023 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447540 ITAT Mumbai-AT allowed revenue's appeal for statistical purposes regarding exemption under section 11 for AY 2018-19. The tribunal found that CIT(A) erred by not considering the amended proviso to section 2(15) effective from 01.04.2016 and failed to apply recent SC decisions in Ahmedabad Urban Development Authority and Servants of People Society cases. The AO had only discussed mutuality principles without considering the statutory proviso. The tribunal set aside the order and remanded the matter to AO for fresh assessment, directing proper consideration of exemption claims under amended provisions with adequate opportunity to the assessee. Case-Laws Income Tax Wed, 29 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447540