1999 (8) TMI 14

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....are directed against the common order dated October 26, 1998, made by the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, in Income-tax Appeal No. 1716/JP of 1991. Since the order covers different assessment orders, three separate appeals are filed. But, the facts and questions of law that arise for consideration, are the same in these three appeals. The question that came up for consideratio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ibunal were not right in holding that the assessee was entitled for exemption under section 10(22) of the Act. According to him, the respondent-assessee is making profit, hence, it deprives itself of the benefit of exemption under section 10(22) of the Act as can be seen from the orders of the Commissioner of Income-tax (Appeals) as well as the Tribunal, in a similar situation, in the case of the ....