2023 (11) TMI 1307

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....R PER BENCH: This is an appeal filed by the revenue against the order of the ld. CIT(A), National Faceless Appeal Centre (NFAC), Delhi, dated 28.07.2023, passed in ITBA/NFAC/S/250/2022-23/1054708362(1) for the assessment year 2018-2019. 2. At the time of hearing, Shri Sudam Panigrahi, Accountant of the assessee-committee submitted an adjournment application, which was taken back by him. Subseq....

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.... holding that the income of the assessee was exempt u/s. 10(26AAB) of the Act as the assessee is an agricultural produce market committee constituted under Orissa Agricultural Produce Market Act, 1956 for the purpose of regulating the marketing of agricultural produce. It was the submission that the order of the ld. CIT(A) is liable to be reversed and that of the AO be restored. 4. In reply, Shri....