https://www.taxtmi.com/caselaws?id=759750 ITAT Mumbai held in favor of the assessee regarding denial of exemption under section 11. The society, established by Department of Electronics, Government of India, was an autonomous body aimed at making the country self-reliant in Microwave Electronics. Revenue's appeal lacked strong footing as AO had consistently allowed section 11 and 12 benefits in previous assessment years (2016-17, 2017-18, 2022-23) after scrutiny. Revenue failed to demonstrate any factual or legal changes from earlier years where exemption was granted. The coordinate bench had previously restored appeals following SC decision in Ahmed Urban Development Authority case. en-us Fri, 26 Jul 2024 00:00:00 +0530 Mon, 07 Oct 2024 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759750 ITAT Mumbai held in favor of the assessee regarding denial of exemption under section 11. The society, established by Department of Electronics, Government of India, was an autonomous body aimed at making the country self-reliant in Microwave Electronics. Revenue's appeal lacked strong footing as AO had consistently allowed section 11 and 12 benefits in previous assessment years (2016-17, 2017-18, 2022-23) after scrutiny. Revenue failed to demonstrate any factual or legal changes from earlier years where exemption was granted. The coordinate bench had previously restored appeals following SC decision in Ahmed Urban Development Authority case. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759750