2017 (7) TMI 1008

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....appeal against the judgement of the Income Tax Appellate Tribunal dated 17.11.2016 raising following questions for our consideration: "A. Whether on the facts and in the circumstances of the case, the Appellate Tribunal is justified in allowing the assessee's appeal, negating the finding of the CIT (A) as well as the Assessing Officer denying the benefits of sections 11 and 12 of the Act? B....

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....ter concern at Rs. 110/- per unit. The Assessing Officer invoked section 13 of the Act and cancelled registration and denied the benefit of section 11 in case of the assessee. CIT (Appeals) confirmed the view of the Assessing Officer. The assessee thereupon approached the Tribunal. The Tribunal reversed the decision of the Revenue authorities inter alia on the grounds that for number of years, the....