2025 (6) TMI 1548

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....instance of assessee is directed against the order of Ld. Addl./JCIT(A), Udaipur ['Ld. CIT(A)'] dated 11.12.2024 which is arising out of the intimation u/s 143(1) of the Act for Assessment Year 2020-21 framed on 25.11.2021 by the ADIT, CPC, Bengaluru. 2. The only issue raised in this appeal is regarding denial of exemption u/s 10(2A) of the Act for the share of profit received from partnership ....

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....ssessee relied on the decision of Co-ordinate Bench, Bangalore in the case of Mulberry Textiles LLP vs. ITO [2023] 147 taxmann.com 267. 5. On the other hand, Ld. Departmental Representative supported the orders of both the lower authorities. 6. I have heard rival contentions and perused the records placed before me. The grievance of the assessee is that Ld. CIT(A) erred in confirming the act....