2013 (7) TMI 1208

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.... ORDER PER I. C. SUDHIR, JUDICIAL MEMBER  The first appellate order whereby the Ld. CIT (A) has refused the claimed exemption u/s 10 (23C) (vi) of the Act has been questioned by the assessee on several grounds. 2. At the outset of hearing the Ld. A.R pointed out that the claimed benefit of exemption u/s 10 (23C) (vi) was denied to the assessee on the basis that approval for the exem....

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....rnished copies of the balance-sheet and profit and loss account for the relevant year ending on 31/3/2007. 3. The Ld. D.R on the other hand tried to justify the orders of the authorities below. 4. Having gone through the provisions laid down u/s 10(23C) (iiiad) of the Act and Rule 2 BC (1) of the I.T Rules, we fully concur with the above contention of the Ld. AR that grant of approval u/s 10....