2025 (3) TMI 1957

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Ramkumar, C.A. For the Respondent : Ms. Sandhya Rani Kure, JCIT ORDER PER S.S. VISWANETHRA RAVI, JUDICIAL MEMBER: This appeal filed by the assessee is directed against the order dated 20.06.2024 passed by the Addl/JCIT(A)-1, Guwahati for the assessment year 2022-23. 2. The assessee raised 5 grounds of appeal, amongst which, the only issue emanates for our consideration as to whethe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o allow the exemption under section 11 of the Act. 5. The ld. DR Ms. Sandhya Rani Kure, JCIT vehemently opposed the submissions of the ld. AR and placed on record Form 10AC, the provisional approval granted to the assessee and argued that the said provisional approval is applicable from the AY 2025-26 prospectively, but, not retrospectively. The ld. AR did not dispute the same. 6. The ld. CI....