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2022 (10) TMI 499 - SCH - Income TaxGrant of benefit under Section 10(20) - as conceded by respondent, that Assessee never claimed the benefit under Section 10(20) and according to the respondent, it was a case of Sections 11 and 12 of the IT Act - HELD THAT:- When even respondent/Assessee never claimed the benefit under Section 10(20) of the Income Tax Act, 1961, the High Court is not justified in dismissing the appeals by granting the benefit to the respondent/Assessee under Section 10(20) of the IT Act. Under the circumstances, the impugned judgment and orders passed by the High Court are unsustainable and the matters are to be remanded to the High Court to consider the appeals afresh in accordance with law and on its own merits. The present appeals succeeds. The impugned judgment and orders passed by the High Court are hereby quashed and set aside. The matters are remanded to High Court to consider the appeals afresh.
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