2016 (6) TMI 1416

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....Koshi, CA. ORDER Per G.D. Agrawal, VP : This appeal by the Revenue for the assessment year 2010-11 is directed against the order of learned CIT(A)-XXI, New Delhi dated 27th January, 2014. 2. The only ground raised in this appeal by the Revenue reads as under:- "On the facts and in circumstances of the case and in law, the ld.CIT(A) has erred in allowing the exemption u/s 11 of the I.T. Act,....

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....see for exemption u/s 11 of the Act in the AYs 1989-90 to 1991-92, 1995-96 to 2004-05 & 2006-07 in identical circumstances. In the AY 1992-93, though a similar claim for exemption was disallowed, the ld.CIT(A) allowed the claim and the ITAT upheld the findings of the ld.CIT(A). On further appeal, the question of law formulated by Hon'ble High Court is stated to be pending in ITA No.6/2002. In the ....

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.... 2011 in ITA No.4671/Del/2011 upheld the findings of ld.CIT(A), granting exemption u/s 11 of the Act. The ld.CIT(A) in the impugned order followed this order of the ITAT for the AY 2008-09 in allowing exemption u/s 11 of the Act. In view of the foregoing, especially when the Revenue have not placed any material before us, controverting the aforesaid findings of the ld.CIT(A) nor brought to our not....