TMI Blog2014 (7) TMI 1168X X X X Extracts X X X X X X X X Extracts X X X X ..... the AO is directed to compute the income by granting exemption u/s 11 to the assessee. - ITA No. 1607/Del/2013 - - - Dated:- 18-7-2014 - SHRI J.S. REDDY, ACCOUNTANT MEMBER AND SHRI GEORGE GEORGE K., JUDICIAL MEMBER For the Appellant: Sh. P.K. Jain, CA Rajiv Saxena, Adv. For the Respondent: Ms. A. Mishra, CIT(DR) O R D E R PER J.S. REDDY, A.M. This is an appeal filed b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11 and 12 as per the order of DIT(E) which is itself based on wrong interpretation of findings and the same was also confirmed by CIT-A. 3. That having regard to the facts and circumstances of the case, the ld. CIT(A) has erred in law and on facts in passing the order by not allowing the depreciation claim, which is contrary to the facts and law. 2. We have heard Shri P.K. Jain, ld. Coun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the order of the DIT(E) on 16.03.2009 withdrawing the Exemption and restored the matter back to the file of ld. DIT(E) to decide the issue afresh, after giving reasonable opportunity to the assessee. 4. The Assessing Officer in his order dated 22.11.2011 has computed the income of the assessee as an AOP, by observing that the assessee is not entitled for exemption u/s 11A of the Act. He rejecte ..... X X X X Extracts X X X X X X X X Extracts X X X X
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