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TMI Blog2014 (9) TMI 1165X X X X Extracts X X X X X X X X Extracts X X X X ..... and constituents thereof and earning profit and is not charitable institution? - Held that:- We find that CIT(A) has given direction to AO that he should recompute the income of the assessee in terms of section 11 to 13 of the Act keeping in view that the CIT(A)-II, Kanpur has already granted registration u/s 12AA of the Act. Section 13(8) of the Act is part of section 13 which has to be consider ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er of Income Tax (Appeals) has erred in law and on facts in directing the A.O to re-compute the income of the assessee in terms of sections 11 to 13 of the Act without appreciating that the assessee is engaged in the business of manufacturing, buying, selling, importing and exporting of Artificial Limbs accessories and constituents thereof and earning profit and is not charitable institution. 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ision which is available on page No. 14 to 16 of the paper book. 5. We have considered the rival submissions. We find that CIT(A) has given direction to Assessing Officer that he should recompute the income of the assessee in terms of section 11 to 13 of the Act keeping in view that the CIT(A)-II, Kanpur has already granted registration u/s 12AA of the Act. Section 13(8) of the Act is part of sec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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