2025 (6) TMI 1548
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....e 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 firm, M/s. Kothari Autolines. 3. Brief facts....
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....ch, 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 action of the CPC by not allowing the exemption u/s 10(2....