2003 (10) TMI 25

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..... but subsequent years as well, we are of the opinion that the order of the Tribunal does not involve any substantial question of law. - Resultantly, we decline to entertain this revenue’s appeal and the same is, accordingly, dismissed - - - - - Dated:- 20-10-2003 - Judge(s) : D. K. JAIN., MADAN B. LOKUR JUDGMENT This appeal by the Revenue under section 260A of the Income-tax Act, 1961 ("th .....

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..... e to the society. It has been further observed that the society will also not loose exemption under section 10(22) of the Act merely because it has claimed depreciation. While agreeing with the Commissioner, the Tribunal has observed that the assessee had been granted exemption under section 10(22) of the Act in the past as well. The Tribunal has found that during this year also the assessee-soc .....

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..... submit that he has no instructions in this behalf. Mr. Kalra, learned senior counsel for the respondent, on the other hand, points out that not only in the past, even after the passing of the assessment order for the present assessment year the assessee has been consistently getting exemption under section 10(22) of the Act from the assessment years 1994-95 onwards. In view of the aforenoted .....

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