2007 (2) TMI 216

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..... the assessee who is engaged in the business of civil construction and repair works is eligible for the benefit of section 80P(2) (a) (i) in respect of the interest received from members - 133 to 138 of 2007 - - - Dated:- 26-2-2007 - P. D. DINAKARAN and MRS. CHITRA VENKATARAMAN JJ. J. Naresh Kumar for the appellant. JUDGMENT The judgment of the court was delivered by P. D. DINAKAR .....

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..... the assessee's own case, allowed the appeals. The said order of the Commissioner of Income-tax (Appeals), on appeals by the Revenue, was confirmed by the Tribunal. 3. Exasperated, the Revenue has preferred these appeals by raising the following substantial questions of law: "(i) Whether, in the facts and under the circumstances of the case, the Appellate Tribunal was right in holding that th .....

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..... 2006] 286 ITR 635 wherein the Division Bench of this Court, taking note that the prime object of the assessee therein is running a sugar mill, and that the objects clause and/or the business activities of the assessee therein is also granting loans and advances to the members, held that the assessee therein is entitled to exemption under section 80P(2) (a) (i) of the Income-tax Act. 5. In view .....

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