https://www.taxtmi.com/highlights?id=79894 Assessee's claim for exemption u/s 10(35) was rejected by CPC while processing return u/s 143(1)(a), which attained finality as assessee failed to challenge it before CIT(A). AO repeated disallowance in assessment order u/s 143(3). CIT(A erred in granting relief against unchallenged disallowance u/s 143(1)(a). Exemption u/s 10(23FB) was rejected by AO and CIT(A, which assessee did not challenge, attaining finality. Assessee's alternative claim for exemption u/s 10(38) for long-term capital gains on share sale was not a fresh claim but change of section, hence admissible. Exemption u/s 10(38) was rightly allowed by CIT(A as conditions under clauses (a) and (b) were met, and third proviso regarding STT was satisfied through notification cover..... en-us Tue, 30 Jul 2024 08:10:14 +0530 Tue, 30 Jul 2024 08:10:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79894 Assessee's claim for exemption u/s 10(35) was rejected by CPC while processing return u/s 143(1)(a), which attained finality as assessee failed to challenge it before CIT(A). AO repeated disallowance in assessment order u/s 143(3). CIT(A erred in granting relief against unchallenged disallowance u/s 143(1)(a). Exemption u/s 10(23FB) was rejected by AO and CIT(A, which assessee did not challenge, attaining finality. Assessee's alternative claim for exemption u/s 10(38) for long-term capital gains on share sale was not a fresh claim but change of section, hence admissible. Exemption u/s 10(38) was rightly allowed by CIT(A as conditions under clauses (a) and (b) were met, and third proviso regarding STT was satisfied through notification cover..... Highlights Income Tax Tue, 30 Jul 2024 08:10:14 +0530 https://www.taxtmi.com/highlights?id=79894