https://www.taxtmi.com/caselaws?id=57055 The Tribunal confirmed the CIT(A)'s decision in a tax case, dismissing the revenue's appeal on the application of profit rate and undisclosed TDS/security amounts. The Tribunal upheld the CIT(A)'s reasoning for applying a 6% profit rate and found no error in the assessment. Additionally, the Tribunal agreed with the CIT(A) in rejecting the appellant's claim for total exemption under section 80P(2)(a)(vi) of the Income Tax Act, emphasizing that the society did not meet the conditions for the exemption due to improper resolution regarding voting rights. Both the revenue's and the assessee's appeals were ultimately dismissed. en-us Fri, 20 Feb 1998 00:00:00 +0530 Wed, 08 Dec 2010 11:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57055 The Tribunal confirmed the CIT(A)'s decision in a tax case, dismissing the revenue's appeal on the application of profit rate and undisclosed TDS/security amounts. The Tribunal upheld the CIT(A)'s reasoning for applying a 6% profit rate and found no error in the assessment. Additionally, the Tribunal agreed with the CIT(A) in rejecting the appellant's claim for total exemption under section 80P(2)(a)(vi) of the Income Tax Act, emphasizing that the society did not meet the conditions for the exemption due to improper resolution regarding voting rights. Both the revenue's and the assessee's appeals were ultimately dismissed. Case-Laws Income Tax Fri, 20 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57055