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2012 (2) TMI 728

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..... L MEMBER For the Assessee : Shri Goli Sriniwas Rao For the Revenue : Shri Divesh Chawla ORDER PER R.S. PADVEKAR, JM: In this batch of four appeals, two appeals are filed by the assessee and two cross appeals are filed by the revenue for the A.Y. 2002-03 and 2003-04. The assessee has also filed two Cross Objections for the same assessment years. The assessee as well as rev .....

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..... 2. The assessee claimed that it s sole object is to carry out educational activities in India and same are purely charitable in nature and no profit is made out. The assessee had made an application to the Central Board of Direct Taxes (in short CBDT) for granting the exemption u/s.10(23C)(vi) of the Act for the A.Ys. 1999-2000 to 20001-02. However, the application filed by the assessee was reject .....

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..... u/s.10(23C)(vi) was denied. The assessee also filed a Writ Petition before the Hon ble Delhi High Court challenging the order of the CBDT declining to grant exemption u/s.10(23C)(vi) of the Act. The Hon ble Delhi High Court disposed off the Writ Petition filed by the assessee vide order dated 20.01.2011 and remitted the matter to the CBDT for reconsideration. The assessee has made the application .....

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..... 5.01.2010 and now the same is pending disposal. As the core issue of granting total exemption to income is pending before the CBDT as well as Writ Petition is also pending before the Hon ble High Court of Bombay, we consider it fit to restore all the appeals as well as Cross Objections to the file of the A.O. to decide the same after the decision of the Writ Petition pending before the Hon ble Hig .....

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