2022 (5) TMI 1562

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.... the Revenue : Shri R.G. Gawli ORDER PER R.S. SYAL, VP: These two appeals by the Revenue arise out of the combined order dated 11-02-2019 passed by the CIT(A)-10, Pune in relation to the assessment years 2013-14 & 2014-15. For the sake of convenience, these appeals are clubbed and are being disposed of by this consolidated order. A.Y. 2013-14 : 2. At the outset, the ld. DR submitted....

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....y limits so mentioned in Circular No. 17/2019 are applicable to all pending appeals. In view of the foregoing discussion, we dismiss the appeal filed by the Revenue. However, it is made clear that if the tax effect in this appeal is found by the AO to be more than the prescribed monetary limit of Rs. 50.00 lakh or the case(s) is found to be covered by an exception, it will be open to the Revenue t....

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....tc. He opined that such activities were hit by the proviso to section 2(15) defining 'charitable purpose' as these involved carrying out the activity in the nature of Trade, Commerce or Business etc. He, therefore, denied the benefit of exemption claimed by the assessee and determined total income at Rs. 2,85,88,680/-. The ld. CIT(A), following his view taken for earlier years, overturned the asse....