Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (9) TMI 501 - AT - Income TaxExemption u/s 11 - assessee had committed violation within the meaning of provisions of section 13(1)( d) by making investment in equity shares and in Share Application Money for purchase of shares in contravention to the provisions of section ll(5) therefore, benefit of exemption of sections 11 and 12 were denied - HELD THAT:- Giving thoughtful consideration to the matter on record, it can be observed that in assessee’s own case for the Assessment Year 2013-14 and 2014-15 [2020 (9) TMI 722 - ITAT DELHI] decided on merits in favour of the assessee and the Revenue has not been able to cite any distinction of fact or law justifying a different opinion, for the present assessment year. Accordingly, the grounds are not sustainable and the appeal of revenue is dismissed.
|