https://www.taxtmi.com/caselaws?id=762626 The Supreme Court granted leave and condoned the delay, allowing the appeals to proceed. It identified that the High Court had erroneously dismissed appeals by applying Section 10(20) of the Income Tax Act, which the respondent had not claimed. The Supreme Court quashed the High Court's judgment and remanded the case for fresh consideration under the correct legal provisions, specifically Sections 11 and 12 of the IT Act. The High Court was instructed to reevaluate the case on its merits within six months, ensuring a just resolution without costs to the parties involved. en-us Fri, 29 Nov 2024 00:00:00 +0530 Tue, 03 Dec 2024 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762626 The Supreme Court granted leave and condoned the delay, allowing the appeals to proceed. It identified that the High Court had erroneously dismissed appeals by applying Section 10(20) of the Income Tax Act, which the respondent had not claimed. The Supreme Court quashed the High Court's judgment and remanded the case for fresh consideration under the correct legal provisions, specifically Sections 11 and 12 of the IT Act. The High Court was instructed to reevaluate the case on its merits within six months, ensuring a just resolution without costs to the parties involved. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762626