TMI Blog2014 (3) TMI 1086X X X X Extracts X X X X X X X X Extracts X X X X ..... 6-97 to 2000-01 wherein it has held that the assessee is a charitable club and it is entitled to claim exemption u/s 11 of the Income-tax Act in respect of the income under consideration. It is also noted that the said order of the Tribunal has been upheld by the Hon’ble High Court of Bombay. In the absence of any distinguishing fact brought by the revenue during the year under consideration and a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e benefit of exemption to the assessee u/s 11 of the Income-tax Act. 3. It is noted that the AO, in the assessment framed u/s 143(3) of the Act denied the benefits to the assessee s trust u/s 11 treating the assessee as mutual concern and not a trust. On appeal, the Ld.CIT(A) has held that the assessee is entitled for the benefit of exemption u/s 11 of the Act by relying on the decision of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
