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2016 (12) TMI 297 - AT - Income TaxQualification for exemption under section 80P(2)(vi) - Held that:- Since the Assessing Officer while passing the order has basically relied on the order of his predecessor for A.Y. 2005-06 and since the Ld.CIT(A) while adjudicating the issue has given an observation that the assessee has not discharged the onus cast on it by proving that the interest income is related to the business activity and the relation between FDs kept and corresponding benefit from the bank, therefore, considering the totality of the facts of the case and in the interest of justice of justice, I deem it proper to restore the issue to the file of the Assessing Officer with a direction to adjudicate the issue afresh in the light of the decision of the Tribunal in assessee’s own case for A.Y. 2005-06.
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