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of <h1>ITAT grants HUF exemption for 1978-79 assessment year under WT Act</h1> The appeal by an HUF for the assessment year 1978-79 regarding exemption claimed under s. 5(1)(iv) of the WT Act was successful. The ITAT Gauhati allowed ... - The appeal was made by an HUF for the assessment year 1978-79 regarding exemption claimed under s. 5(1)(iv) of the WT Act. The AAC and WTO had denied the exemption, but the ITAT Gauhati allowed the appeal, granting the exemption based on a previous decision. The appeal by the assessee was successful.
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