https://www.taxtmi.com/caselaws?id=757896 ITAT Chennai set aside the CIT(A)'s order denying exemption under section 11, finding that the appellate authority violated principles of natural justice by applying the Ahmedabad Urban Development Authority SC judgment ex-parte without giving the assessee an opportunity to be heard. The tribunal remanded all four appeals to the AO for fresh assessment of the section 11 exemption claim in light of the SC precedent, along with other issues including TDS, sundry creditors, depreciation, interest under section 244A, and section 234B matters. en-us Wed, 14 Aug 2024 00:00:00 +0530 Tue, 03 Sep 2024 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757896 ITAT Chennai set aside the CIT(A)'s order denying exemption under section 11, finding that the appellate authority violated principles of natural justice by applying the Ahmedabad Urban Development Authority SC judgment ex-parte without giving the assessee an opportunity to be heard. The tribunal remanded all four appeals to the AO for fresh assessment of the section 11 exemption claim in light of the SC precedent, along with other issues including TDS, sundry creditors, depreciation, interest under section 244A, and section 234B matters. Case-Laws Income Tax Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757896