https://www.taxtmi.com/caselaws?id=775597 The ITAT Hyderabad upheld the exemption under section 10(23BBA) granted to the assessee for A.Y. 2016-17, following the AO's allowance of the same exemption for A.Y. 2019-20. Although the principle of res judicata does not apply to income tax proceedings, the tribunal emphasized the need for consistency in the revenue's approach when facts and law remain unchanged. Since no new material or change in law was presented, the AO's acceptance of the exemption for A.Y. 2019-20 precluded a contrary stance for A.Y. 2016-17. Consequently, the tribunal confirmed the CIT(A)'s order allowing the exemption under section 10(23BBA) for A.Y. 2016-17. en-us Tue, 03 Jun 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775597 The ITAT Hyderabad upheld the exemption under section 10(23BBA) granted to the assessee for A.Y. 2016-17, following the AO's allowance of the same exemption for A.Y. 2019-20. Although the principle of res judicata does not apply to income tax proceedings, the tribunal emphasized the need for consistency in the revenue's approach when facts and law remain unchanged. Since no new material or change in law was presented, the AO's acceptance of the exemption for A.Y. 2019-20 precluded a contrary stance for A.Y. 2016-17. Consequently, the tribunal confirmed the CIT(A)'s order allowing the exemption under section 10(23BBA) for A.Y. 2016-17. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775597