https://www.taxtmi.com/caselaws?id=757948 The tribunal upheld the rejection of the exemption claim under section 10(46) of the Income Tax Act, 1961, due to the assessee's lack of statutory notification. The issue concerning the taxability of state government grants was remanded to the NFAC for proper adjudication. The tribunal recognized the denial of a proper hearing and the rejection of a re-hearing request as contrary to natural justice principles, emphasizing the necessity for fair procedures. Additionally, a minor delay was condoned, underscoring that technicalities should not obstruct substantial justice. The appeals were partly allowed for statistical purposes, ensuring fair hearings in tax matters. en-us Tue, 13 Feb 2024 00:00:00 +0530 Thu, 05 Sep 2024 07:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757948 The tribunal upheld the rejection of the exemption claim under section 10(46) of the Income Tax Act, 1961, due to the assessee's lack of statutory notification. The issue concerning the taxability of state government grants was remanded to the NFAC for proper adjudication. The tribunal recognized the denial of a proper hearing and the rejection of a re-hearing request as contrary to natural justice principles, emphasizing the necessity for fair procedures. Additionally, a minor delay was condoned, underscoring that technicalities should not obstruct substantial justice. The appeals were partly allowed for statistical purposes, ensuring fair hearings in tax matters. Case-Laws Income Tax Tue, 13 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757948