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TMI Blog2009 (11) TMI 61X X X X Extracts X X X X X X X X Extracts X X X X ..... e Income Tax Act – ITAT deleted the of Rs.37,89,983/- concluding that interest income is not 'income from other sources' and therefore part & parcel of accumulated funds – held that – similar issue has already has been ansered against the revenue ITA No.566 of 2008 titled Commissioner of Income Tax-I, Chandigarh vs. M/s Simla Chandigarh Diocese Society, Catholic Church, Sector 19-A, Chandigarh and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of the ld.CIT (A), holding that the assessee is entitled to benefits of exemption of income under section 11(1)(a) of the Income Tax Act as against exemption of income u/s 11 (1)(d) as computed by the Assessing Officer? 2. Whether the Hon'ble Tribunal was correct in law in deleting the addition of Rs.37,89,983/- and in coming to the conclusion that interest income is not 'income from other sour ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w in sustaining the order of the ld.CIT (A), in deleting the addition of Rs.29,43,990/- made on account of rent received? Learned counsel for the Revenue very fairly states that the aforesaid questions of law have already been answered against the Revenue in ITA No.566 of 2008 titled Commissioner of Income Tax-I, Chandigarh vs. M/s Simla Chandigarh Diocese Society, Catholic Church, Sector 19-A, C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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