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2009 (11) TMI 61 - PUNJAB AND HARYANA HIGH COURTExemption u/s 11(1)(a) / ii(1)(d) – CIT(A) and ITAT hold that assessee is entitled to benefits of exemption of income under section 11(1)(a) of the Income Tax Act – ITAT deleted the of Rs.37,89,983/- concluding that interest income is not 'income from other sources' and therefore part & parcel of accumulated funds – held that – similar issue has already has been ansered against the revenue ITA No.566 of 2008 titled Commissioner of Income Tax-I, Chandigarh vs. M/s Simla Chandigarh Diocese Society, Catholic Church, Sector 19-A, Chandigarh and ITA No.939 of 2008 titled Commissioner of Income Tax-II, Chandigarh vs. M/s Sarvhitkari Educational Society, Sector 21-B and now Sector 42, Chandigarh. – decided in favor of assessee
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