TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Appellate Tribunal upholds Assessee's exemption claim under IT Act</h1> The Appellate Tribunal dismissed the revenue's appeal against the Ld. CIT(A)'s decision to allow the Assessee's claim of exemption of Rs. 34,04,680/- ... - Revenue challenged deletion of a disallowance and the assessee's claim of exemption of Rs. 34,04,680/- u/s.10A. Grounds sought that the Commissioner of Income Tax (Appeals) erred in law and on facts and that the AO's order should be restored: 'set-aside and that of the Assessing Officer be restored.' Ld. CIT(A) had followed a prior tribunal decision in the assessee's own case for AY 2002-03 (I.T.A. No. 2544/Ahd/2005 dated 13.11.2009). That tribunal decision was subsequently challenged by revenue and the appeal was dismissed by the High Court (Tax Appeal No.742/2010 dated 25.01.2012). No material distinction in facts for the year under appeal was identified by Revenue. Applying precedent and consistency principles, the Tribunal 'decline[d] to interfere in the order of Ld. CIT(A)' and dismissed the revenue's appeal.
TaxTMI 
TaxTMI 
