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2017 (10) TMI 1466 - ITAT CHENNAIExemption U/s.11 & 12 denied - Assessee is a trade association registered as charitable society registered U/s. 12AA of the Act, engaged in the activity of importing & distributing wattle extract to the members of the society - case was selected for scrutiny - CIT(A) held the issue in favour of the assessee - HELD THAT:- The case is squarely covered by the decision of the Chennai Benches of the Tribunal for the earlier assessment years on the same issue, as pointed out by the Ld.AR and it is not in dispute. DR also confirmed the fact that the Revenue has filed the appeal to keep the issue alive since they have carried the matter before higher judicial forum. In this situation, we do not find it necessary to interfere with the order of the Ld.CIT(A) because he has only followed the decision of the Chennai bench of the Tribunal in the assessee’s own case for the earlier years on the identical issue. Accordingly the order of the CIT(A) is sustained.
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