2018 (8) TMI 984

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..... TICE M.R. SHAH) 1. Feeling aggrieved and dissatisfied with the impugned common judgment and order passed by the learned Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, "C" passed in ITA No.1422/Ahd./2017 for the Assessment Year : 2012-13 and ITA No.1605/Ahd./2017 for the Assessment Year : 2013-2014, the Revenue has preferred the present two Tax Appeals with the following proposed question .....

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..... es of the case and in law, the Appellate Tribunal is correct in not upholding the order of the CIT(A) in confirming the following additions made by the AO :- (i) of Rs. 58,00,00,000/- denying accumulation u/s.11(2) of the Act; (ii) of Rs. 43,26,20,000/- denying deduction of receivables u/s.11(1) explanation clause (2); (iii) of Rs. 49,17,54,150/- denying accumulation @ 15% u/s. 11(1)(a) o .....

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..... vered against the Revenue, in view of the decision of the Division Bench of this Court in the case of Ahmedabad Urban Development Authority vs. Assistant Commissioner of Income Tax (Exemptions) reported in [2017] 396 ITR 323 (Guj). 4. Therefore, so far as this Court is concerned, these issues are concluded against the Revenue. However, it was reported that the aforesaid decision was carried in an .....

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