2017 (1) TMI 1625 - SCH - Income Tax

Entitlement for exemption u/s 11 (1)(a) - income of the assessee which are Agriculture Produce Market Committees, constituted under the statute engaged in marketing of the agriculture produce stands exempted by virtue of provisions of Section 10(26AAB) w.e.f. 1.4.09. - decision of the ITAT in holding the assessee s entitled to claim exemption under Section 11 (1)(a) justified by HC - Held that - Delay condoned. Leave granted.

Summary

The Supreme Court of India condoned delay and granted leave in the case, tagging it with Civil Appeal No. 11978 of 2016. The judges were Mr. Kurian Joseph and Mr. A.M. Khanwilkar. The legal representatives included Mr. A. N. S. Nadkarni, ASG, Mr. Amol Chitale, Mr. A. V. Kanade, Mr. T.M. Singh, Mr. A. K. Kaul, and Mrs. Anil Katiyar.