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2021 (11) TMI 315 - ITAT MUMBAIAssessment of trust - grants to be considered as eligible income for section 11 - Whether grants received from various organisations are in the nature of voluntary contributions? - HELD THAT:- The issue involved has rightly been claimed to be covered by case of CIT v Gem & Jewellery Export Promotion Council [1982 (6) TMI 28 - BOMBAY HIGH COURT] - Despite the same being before Ld.CIT(A), he has not followed the same. Not only not follow, he has not bothered to refer or distinguish the same. Despite that he has referred to non jurisdictional High Court decision and rejected assessee’s plea. This is absolute violation of judicial discipline. It is settled law that decision of Hon’ble jurisdictional High Court is binding upon subordinate Tribunal and courts. Hence, in our considered opinion, this decision of Hon’ble High Court is applicable fully in the facts of this case. Nothing has been provided before us to show that this decision is not applicable. Hence decide the issue in favour of assessee.
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