2012 (2) TMI 676

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....ri Zareer N. Mehta ORDER Per D. Manmohan, V.P. This appeal by the assessee is directed against the order passed by the CIT(A) XXIII, Mumbai dated 30.07.2010 and it pertains to A.Y. 2007-08. 2. The following grounds were urged by the Revenue in the appeal: "1. On the facts and circumstances of the case and in law, the Ld. CIT(A) has erred in to grant exemption u/s 54 of the I.T....

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....d in a foreign country, it satisfies the conditions laid down in section 54 of the Act and accordingly he accepted the plea of the assessee. Revenue is in appeal before us contending, inter alia, that the ITAT Mumbai Bench has ignored the decision of the ITAT Ahmedabad Bench in the case of Leena J. Shah vs. ACIT in ITA No. 2467I(AHM) of 2000 dated 10.11.2005. 4. The learned counsel, on the othe....