2016 (12) TMI 1761

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..... P.C: This Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 27th November, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 27th November, 2013 relates to the Assessment Year 200910. 2 The Revenue urges the following questions of law for our consideration: "(a) Whether on the facts and in the circumstance of th .....

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..... urrent year and then as 'application' of income u/s. 11(1)(a) in the subsequent years which were legally not permissible?". 3 Mrs. Bharucha, learned Counsel appearing for the Revenue very fairly states that the issues arising herein stands concluded against the Revenue and in favour of the RespondentAssessee by the decision of this Court in CIT v/s. Institute of Banking 264 ITR 110. 4 In .....

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