https://www.taxtmi.com/caselaws?id=313435 The Orissa HC dismissed the Revenue's appeal regarding Section 10(38) exemption claim and cross-examination rights. The assessee initially failed to claim the exemption during assessment proceedings after making statements in a survey, but later sought the benefit before ITAT. The HC found that ITAT correctly accepted the assessee's plea regarding violation of natural justice principles and noted that the AO overlooked CBDT circular permitting revised returns for omitted claims. The court held that both issues were factual matters, ITAT's decision was justified, and no substantial question of law arose requiring interference. en-us Thu, 09 Feb 2023 00:00:00 +0530 Sat, 04 Apr 2026 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313435 The Orissa HC dismissed the Revenue's appeal regarding Section 10(38) exemption claim and cross-examination rights. The assessee initially failed to claim the exemption during assessment proceedings after making statements in a survey, but later sought the benefit before ITAT. The HC found that ITAT correctly accepted the assessee's plea regarding violation of natural justice principles and noted that the AO overlooked CBDT circular permitting revised returns for omitted claims. The court held that both issues were factual matters, ITAT's decision was justified, and no substantial question of law arose requiring interference. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313435