https://www.taxtmi.com/caselaws?id=458757 The assessee, an agricultural produce market committee constituted under the Orissa Agricultural Produce Market Act, 1956, was held entitled to exemption under section 10(26AAB) because the factual foundation for the exemption had been recorded by the first appellate authority and the Revenue did not displace it. The record also showed technical difficulty in replying to assessment notices, which had been noticed below and was not effectively controverted. On that basis, the deletion of the reassessment additions was upheld and the Revenue appeal failed. en-us Tue, 28 Nov 2023 00:00:00 +0530 Thu, 14 Nov 2024 19:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458757 The assessee, an agricultural produce market committee constituted under the Orissa Agricultural Produce Market Act, 1956, was held entitled to exemption under section 10(26AAB) because the factual foundation for the exemption had been recorded by the first appellate authority and the Revenue did not displace it. The record also showed technical difficulty in replying to assessment notices, which had been noticed below and was not effectively controverted. On that basis, the deletion of the reassessment additions was upheld and the Revenue appeal failed. Case-Laws Income Tax Tue, 28 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458757