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2018 (1) TMI 1570 - AT - Income TaxExemption u/s 11 - assessee runs a pharmacy store in the hospital for profit and earned profit from pharmacy store and not covered in the charitable activity - HELD THAT:- As decided in assessee’s favor by first appellate authority for AY 2010-11 & 2011-12. This Tribunal for AY 2010-11 [2016 (8) TMI 1490 - ITAT MUMBAI ] after considering the judgment of Baun Foundation Trust Vs CCIT [2012 (4) TMI 172 - BOMBAY HIGH COURT] & Hiranandani Foundation Vs. ADIT [2016 (7) TMI 260 - ITAT MUMBAI] upheld the stand of Ld. CIT(A). The revenue is unable to bring any contrary facts on record and distinguish the facts of earlier years with that of impugned AY. Therefore, in view of the binding judicial precedent in the shape of the order of co-ordinate bench of the Tribunal, taking same stand, we dismiss revenue’s appeal.
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