1997 (2) TMI 57

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..... Tribunal, Cochin Bench in I.T.A. No. 264/Coch. of 1989. Relevant assessment year is 1985-86. Following are the questions raised for the opinion of this court : "1. Whether, on the facts and in the circumstances of the case and also on an interpretation of section 11(4A) of the Income-tax Act, 1961, the assessee is entitled to exemption under section 11(1) of the Income-tax Act, 1961? 2. Whethe .....

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..... 4A). In the light of the above, question No. 1 is answered in the affirmative, in favour of the assessee and against the Revenue. Question No. 2 is really another facet of question No. 1. In view of the our answering question No. 1 as above, we decline to answer question No. 2. A copy of this judgment under the seal of this court and the signature of the Registrar shall be forwarded to the Inc .....

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