2013 (3) TMI 699

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....In all these appeals filed by the revenue for the assessment years 2005-06, 2007-08 and 2008-09, following common questions of law have been raised for our consideration :- (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in confirming the view of CIT(A) allowing exemption u/s.11 of the Income Tax Act, 1961, ignoring the fact that SRA continue....

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....rt in the matter of CIT V/s. Gujarat Maritime Board reported in [2007] 295 ITR 561 (SC) allowed the respondent-assessee's appeal. 4. On further appeal by the revenue, the Tribunal by the impugned order held that the respondent-assessee was estblished for providing residential settlement to slum dewellers without any profit motives. The respondent-assessee had no profit motive and the primar....