https://www.taxtmi.com/caselaws?id=469965 ITAT Mumbai held that an Agricultural Produce Market Committee covered by the special exemption in section 10(26AAB) remains entitled to that exemption despite registration under section 12A. The tax authorities' objection based solely on section 11(7) was rejected because the special provision operates independently and prevails where the income falls within its scope. Relying on the assessee's own earlier decisions, the Tribunal treated the statutory exemption as complete and set aside the denial of exemption, directing the income to be treated as exempt under the special provision applicable to such committees. en-us Tue, 11 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469965 ITAT Mumbai held that an Agricultural Produce Market Committee covered by the special exemption in section 10(26AAB) remains entitled to that exemption despite registration under section 12A. The tax authorities' objection based solely on section 11(7) was rejected because the special provision operates independently and prevails where the income falls within its scope. Relying on the assessee's own earlier decisions, the Tribunal treated the statutory exemption as complete and set aside the denial of exemption, directing the income to be treated as exempt under the special provision applicable to such committees. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469965