2021 (10) TMI 1412

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.... For the Appellants : Sri E.I.Sanmathi, Adv. For Sri K.V.Aravind, Adv. For the Respondent : Sri Sharath S., Adv. JUDGMENT This appeal is filed by the Revenue under Section 260A of the Income Tax Act, 1961 ['Act' for short] challenging the order of the Income Tax Appellate Tribunal "A" Bench, Bengaluru ['Tribunal' for short] passed in ITA No.1333/Bang/2016 relating to the assessment year 2011-1....

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....2[15] irrespective of nature of application of income and the Legislature having felt the need of providing exemptions to Agricultural Produce Marketing Committees and Boards, inserted clause 25AAB in section 10 by the Finance Act, 208 w.e.f., 1/4/2009 to provide such exemption and kept Development Authorities outside such category of persons? 3. Whether on the facts and in the circumstances of ....