2001 (5) TMI 13

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....e and in law, the Tribunal was correct in allowing the benefit under section 11 of the Income-tax Act, 1961, without appreciating that the assessee had violated the provisions of section 13(1)(c) and 13(1)(d) of the Act?" 2. We find that the Commissioner of Income-tax (Appeals) (in short "the CIT(A)"), decided in favour of the assessee on all aspects in the Revenue's appeal for the assessment year 1995-96. The Tribunal affirmed the conclusions of the Commissioner of Income-tax (Appeals) with the following observations: "We have considered the rival submissions and the materials on the file. We are of the view that on the facts and in the circumstances of the case and for the detailed reasons given in the impugned appellate o....

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....f the society, the year to year services rendered by Mrs. Sudha Tewari from its inception, we are satisfied that the salary, rent, etc., paid to her was reasonable and was not excessive and the learned Commissioner of Income-tax (Appeals) was justified in rejecting these as not valid grounds for rejecting the claim of exemption under section 11 of the Act. Again, we have carefully gone through the orders of the Assessing Officer and the learned Commissioner of Income-tax (Appeals) for the assessment years 1995-96 and 1996-97 on the issue of loan to Tyagi Foundation Ind considered the submissions and contentions made by the learned Authorised Representatives of both the sides. We are of the view that the learned Commissioner of Inco....