2019 (9) TMI 1181

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..... vocate. Mr. Sumit Lalchandani, Advocate for Mr. Salil Kapoor, Advocate.   O R D E R 1. The challenge in the present writ petition preferred by the Revenue is to the order dated 22.12.2017 passed by the Authority for Advance Rulings in AAR No. 1356/2012. The said authority has held that the respondent/ applicant would be eligible for the benefit available under the provisions of Section 54 o .....

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..... egard to the respondent being entitled to exemption under Section 54 of the Act by placing reliance on the decision of the Gujarat High Court in Leena JugalKishor Shah Vs. Assistant Commissioner of Income- Tax, (2017) 392 ITR 18 (Guj.). The authority has noted that the Revenue has not assailed the said decision before the Supreme Court. 3. Reference has also been made to the Circular No. 01/2015 .....

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