2011 (2) TMI 1538 - AT - Income Tax

Summary

Issues involved: The judgment involves the issue of the appellate authority allegedly erring in not allowing relief u/s 11 and 12 of the IT Act.

Details of the Judgment:

1. The appeals by the assessee were consolidated and disposed of based on the orders of the Ld. Commissioner of Income Tax (Appeals).

2. The assessee's counsel highlighted previous ITAT orders granting exemption u/s 11 and 12 of the IT Act in the assessee's favor for various assessment years.

3. The Departmental Representative acknowledged the tribunal's favorable decision in the assessee's own case.

4. The tribunal, in a specific order for A.Y. 2005-06, referenced earlier tribunal orders and held that the assessee is eligible for exemption u/s 11 and 12 based on consistent decisions and the rule of consistency.

5. The tribunal upheld the Ld. Commissioner of Income Tax (Appeals) order, citing identical facts in the present case as in previous years.

6. Consequently, all appeals filed by the assessee were allowed, and the revenue's appeal was dismissed.

7. The order was pronounced in the open court on 18/2/2011.