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TMI Blog1980 (4) TMI 146X X X X Extracts X X X X X X X X Extracts X X X X ..... order for the sake of convenience. The assessee is an AOP, being an association of owners having power-looms. For the asst. yr. 1973-74 the assessee applied for exemption as a charitable trust under s. 12A(a) of the IT Act to the CIT on 20th March, 1974. The assessee claimed that as it had already applied for exemption, the return of income was filed in form No. 3A. The ITO found that the Commr. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T,(4) held that the assessee was not entitled to the exemption under s. 11 of the Act as claimed by it. He, therefore, brought to tax a sum of Rs. 56,956 for the year under appeal. 3. Being aggrieved, the assessee carried the matter in appeal before the AAC, who upheld the claim of the assessee for asst. yr. 1974-75, following the decision of the Supreme Court in the case of CIT vs. Dharmodayam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entitled to exemption under s. 11 of the Act. It was, thus, pointed out on behalf of the assessee that since the objects of the said assessee are in pari materia with those of the assessee in appeal, for the same reasons as recorded in the said order of the Tribunal, the assessee's claim under s. 11 must be upheld. The revenue on the other hand, contended that the assessee was not granted registra ..... X X X X Extracts X X X X X X X X Extracts X X X X
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