2017 (10) TMI 1665

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....AY MOHAN GOEL, JUDGE For the Appellant : Mr. Vinay Kuthiala, Senior Advocate, with Mr. Diwan Singh Negi, Advocate. For the Respondent : Mr. Ajay Vaidya, Advocate. ORDER SANJAY KAROL, ACTING CHIEF JUSTICE (ORAL) Appeal came to be admitted on the following substantial questions of law: "1. Whether the assessee, being a Govt. Board carrying out purely regulatory functions on b....

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...., decided on 7.12.2008, titled as M/s Himachal Pradesh State Environment Protection and Pollution Control Board vs. Chief Commissioner of Income Tax. (ii) ITA No. 19 of 2012, decided on 25.10.2016, titled as Commissioner of Income Tax, Shimla vs. Himachal Pradesh Road Transport Corporation. 3. Primarily, the issue pertains to the cancellation of exemption granted in favour of the asses....

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....ted under Section 2(15) of the Act. 6. Significantly we find the factual matrix not to have been considered or discussed by the Tribunal/authorities below. Perusal of the order passed by the Appellate Authority demonstrates that there is no reasoning assigned as to on what basis it arrived at the conclusions mentioned in the order. 7. As such, we deem it appropriate to remand the matter back....