https://www.taxtmi.com/caselaws?id=57181 The Appellate Tribunal (ITAT Amritsar) ruled in favor of the assessee trust, allowing exemption of its income under section 11 of the IT Act for the assessment year 1977-78. The Tribunal emphasized the importance of consistency in Revenue's actions across assessment years and upheld the exemption based on past decisions and the Revenue's conduct. Additionally, the Tribunal dismissed the Stay Application filed by the assessee as it became infructuous following the decision on the appeal. en-us Mon, 14 Oct 1985 00:00:00 +0530 Wed, 08 Dec 2010 17:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57181 The Appellate Tribunal (ITAT Amritsar) ruled in favor of the assessee trust, allowing exemption of its income under section 11 of the IT Act for the assessment year 1977-78. The Tribunal emphasized the importance of consistency in Revenue's actions across assessment years and upheld the exemption based on past decisions and the Revenue's conduct. Additionally, the Tribunal dismissed the Stay Application filed by the assessee as it became infructuous following the decision on the appeal. Case-Laws Income Tax Mon, 14 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57181