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2018 (4) TMI 1576 - AT - Income TaxExemption u/s 11 - huge generation of surplus year after year - activities of the Association were commercial and not charitable in nature or not - basic objectives as promotion of spiritual, intellectual and physical and social interest of people specially the youth within the territorial jurisdiction of the Association irrespective of their caste colour and creed. - CIT(A) allowed the benefit of exemption. Held that:- Although the Ld. Sr. DR has vehemently argued against the order of Ld. CIT (A) in directing the AO to allow the benefit of exemption to the assessee with all the consequential benefits, we find that the case is squarely covered in favour of the assessee by order of the ITAT in assessee’s own case [2017 (11) TMI 1370 - ITAT DELHI] for assessment year 2012-13 wherein a similar direction by the Ld. CIT (A) was upheld by the coordinate bench of this Tribunal. - Benefit of exemption allowed - Decided against the revenue.
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