2022 (2) TMI 1027

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....h, Advocate For the Appellant/Department : Shri C.T. Mathews, Sr. AR ORDER PER RAHUL CHAUDHARY, JUDICIAL MEMBER: 1. By way of the present appeal the Appellant/Assessee has challenged the order dated 06.02.2020 passed by the Commissioner of Income Tax (Appeals) -1, Mumbai [hereinafter referred to as "CIT(A)‟] under section 250 of the Income Tax Act, 1961 [hereinafter referred to a....

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....were not affected by the amendment to the provisions of section 2(15) of the Act by the Finance Act, 2008. Further, the Appellant reserved its right to claim exemption u/s 11 of the Act. In the assessment framed vide assessment order, dated 13.01.2014, the AO denied exemption u/s 11 of the Act and computed income by applying the principles of mutuality. The appeal filed by the Appellant/Assessee b....

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....pellant has preferred the present appeal. 5. The Ld. Counsel appearing for the Appellant submits that the Tribunal has while disposing of a batch of four appeals (ITA No. 1174- 1175/Mum/2015 and 5834-5835/Mum/2019) vide common order, dated 10.11.2021, held that the Appellant was entitled to exemption under Section 11 of the Act for the Assessment Year 2011-12 and as result the Assessment Order,....

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....the financial year 2010-2011 and this issue can be examined by the AO while quantifying the benefit available under Section 11 of the Act. 6. After hearing the above contentions and on perusing the records, it is clear that the issue for consideration before us has its roots in order, dated 29.03.2018, passed under Section 154 of the Act rectifying the Assessment Order, dated 13.01.2014. The af....