2012 (6) TMI 782

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..... .AnirudhRai and Others For The Respondent : T.Vasudevan ORDER These are appeals filed by the Revenue against the orders dated 08.09.2011 of Commissioner of Income Tax(Appeals) I, Coimbatore for the impugned Assessment Years. 2. Grounds taken by Revenue in all these appeals are similar and hence, these appeals are disposed off through a consolidated order. 3. Grievance of the R .....

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..... imalai Industrial WCS Ltd. (supra). 5. We have perused the orders of the authorities below and heard the contentions. Grounds raised by Revenue in its appeal in the case of AA-399, The Chennimalai Industrial WCS Ltd. (supra). are exactly similar to its grounds in these appeals. It was held by this Tribunal at para Nos. 6 to 8 of its order dated 26.08.2011 as under:- 6. The term cottage in .....

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..... ig that it employed more than2000 workers; its turnover are crores and crores of rupees and it is a very big co-operate society engaged in producing handloom goods etc. But we do not find that these objections raised by the Assessing Officer on the size and extent of the operation of the assessee-society are legally valid to disqualify the assessee from the category of cottage industry for the pur .....

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..... s and artisans in different fields of cottage industries. Handloom is a traditional industry in India deploying a large number of workers. The handloom provides substantial amount of employment to rural population and handloom is a great contributor to the rural economy. When different arms of the Central and State Governments have consistently approved the status of the assessee as a cottage indu .....

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..... l handloom workers. 8. Therefore, in the facts and circumstances of the case, we do not find any reason to disturb the order passed by the Commissioner of Income-tax (Appeals) on this point. We agree with the Commissioner of Income-tax (Appeals) that the assessee-society is entitled for the benefit of exemption under sec.80P(2)(a)(ii) of the Income-tax Act, 1961. 6. In view of the above dec .....

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