2012 (3) TMI 707

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....TANT MEMBER For the Revenue : Mrs. Usha Nair For the Assessee : Shri P.F. Kaka ORDER Per D. Manmohan, V.P. These are cross appeals as well as cross objections pertaining to assessment years 2004-05 and 2005-06. 2. At the time of hearing the learned counsel appearing on behalf of the assessee submitted that though several grounds are urged by the Revenue as well as the assessee, t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n for getting exemption before the Chief Commissioner of Income-tax (in short CCIT) and application was rejected as Ld. CCIT declined to grant exemption to income from tax u/s. 10(23C)(vi) of the Income-tax Act to the assessee trust. The assessee filed the Writ Petition on 25.01.2010 and now the same is pending disposal. As the core issue of granting total exemption to income is pending before the....