TMI Blog2020 (12) TMI 1302X X X X Extracts X X X X X X X X Extracts X X X X ..... d that the Assessing Officer was not justified in denying the assessee exemption under Section 11/12 of the Act which is confirmed by the Hon ble Apex Court [ 2019 (8) TMI 535 - SC ORDER] Besides this, for A.Y. 2010-11, 2011-12, 2012-13 and 2013-14 as well the Tribunal has decided the identical issue in favour of the assessee. There is no change in facts in the present assessment year and no dist ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ess undertakings. 2. The order of Ld. CIT(A) be cancelled and the order o the AO be restored. 3. The assessee trust was registered u/s 12A(a) of the Income Tax Act, 1961 vide order dated 27.03.1995. The assessee trust has been filing its return of income regularly and claiming exemption in terms of section 11,12 and 12AA of the Act. The assessee Trust furnished its return of income on 28.11 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allowed it exemption u/s 11 of the Act, thereby calculating the total income at ₹ 4,18,82,260. 4. Being aggrieved by the Assessment Order, the assessee filed appeal before the CIT(A). The CIT(A) allowed the appeal of the assessee. 5. The Ld. DR relied upon the Assessment Order and submitted that the CIT(A) erred in deleting the additions of ₹ 4,18,82,260/- made by the Assessing O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the Hon ble Apex Court. Besides this, for A.Y. 2010-11, 2011-12, 2012-13 and 2013-14 as well the Tribunal has decided the identical issue in favour of the assessee. There is no change in facts in the present assessment year and no distinguishing facts were pointed out by the Ld. DR. Therefore, the CIT(A) rightly allowed the appeal of the assessee. There is no need to interfere with the findings ..... X X X X Extracts X X X X X X X X Extracts X X X X
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