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2014 (9) TMI 1165 - AT - Income TaxEligibility for exemption u/s 11 - whether the assessee is engaged in the business of manufacturing, buying, selling, importing and exporting of Artificial Limbs accessories and constituents thereof and earning profit and is not charitable institution? - Held that:- We find that CIT(A) has given direction to AO that he should recompute the income of the assessee in terms of section 11 to 13 of the Act keeping in view that the CIT(A)-II, Kanpur has already granted registration u/s 12AA of the Act. Section 13(8) of the Act is part of section 13 which has to be considered by the AO while deciding the issue as per the directions of CIT(A). No reason to interfere in the order of CIT(A) but we still observe for the sake of clarity that the Assessing Officer should also consider the provisions of sub section (8) of section 13 of the Act while deciding the issue as per the direction of CIT(A). - Decided against revenue
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