2021 (2) TMI 614

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....J.B.PARDIWALA 1 This Tax Appeal under Section 260A of the Income Tax Act, 1961 (for short, 'the Act, 1961') is at the instance of the Revenue and is directed against the order passed by the Income Tax Appellate Tribunal, 'D' Bench, Ahmedabad dated 20th February 2020 in the ITA No.2433/Ahd/2017 for the A.Y. 201415. 2 The Revenue has proposed the following questions of law for the ....

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....ing the merit of the issue?" (C) Whether on the facts and circumstances of the case and in law, the Hon'ble Tribunal was justified giving benefit in accumulation @15% of Rs. 9,19,94,580/- u/s. 11(1)(a) of the Act and exemption of Rs. 10,32,30,356/- claimed u/s. 11(2) of the Act without appreciating the fact that once the proviso of Section 2(15) cannot be allowed further without considering ....

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....nal was justified in allowing deemed application of Rs. 6,77,02,219/- against its future income in absence of any express provision in the Act regarding the same? (G) Whether on the facts and circumstances of the case and in law, the Hon'ble Tribunal is correct in allowing the claim of exemptions without appreciating that the SLP has been filed on the issue of Section 2(15) in the case of AU....