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2014 (6) TMI 1068 - AT - Income TaxExemption u/s 11 - whether interest free loan given to M/s. SPK MAC Charitable Trust is in violation of section 11(5) or 13(1)(d) or 13(1)(c) and held that there is no such violation and sustained the order of Commissioner of Income Tax (Appeals) in allowing the claim of the assessee u/s 11 ? - HELD THAT:- Perused orders of lower authorities and the decision of this Tribunal relied on and find that the issue in appeal has been decided in favour of the assessee in assessee’s own case for the assessment year 2008-09 [2013 (8) TMI 1166 - ITAT CHENNAI] by order wherein the co-ordinate Bench of this Tribunal sustained the order of the CIT (Appeals) in allowing the claim of exemption under section 11. We direct the AO to allow exemption claimed by the assessee under section 11 - Appeal of the assessee is allowed.
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