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TMI Blog2017 (10) TMI 1466X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (3) of the Act. 2. The Revenue has raised several grounds in its appeal, however the crux of the issue is that the Ld.CIT(A) has erred by holding that the appellant is entitled to exemption U/s.11 12 of the Act. 3. The brief facts of the case are that the assessee is a trade association registered as charitable society registered U/s. 12AA of the Act, engaged in the activity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted that they were of the view that the appellant was entitled for exemption u/s. 11 and 12 of the Act. It was also stated that the Tribunal has been persistently holding that the appellant society functions under the concept of mutuality and that the activities embedded in the Memorandum of Association of the society were charitable. They directed the revenue to delete the tax imposed on the appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rust and directed the AD to give the appellant its entitled exemption and also to delete the tax levied u/s 11 and 12 of the I T Act for the Asst Year 2012-13. 6.1.3 Respectfully abiding by the order of the jurisdictional ITAT pronounced on 23.09.2016 cited supra, I hereby hold that the appellant is entitled to exemption u/s 11 and 12 of the I T Act. This ground of appeal is allowed. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the issue alive since they have carried the matter before higher judicial forum. In this situation, I 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 Ld.CIT(A) is sustained. 6. In the res ..... X X X X Extracts X X X X X X X X Extracts X X X X
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