2016 (6) TMI 1439

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... find that in allowing the respondent assessee's appeal the impugned order of the Tribunal followed its own decision in Life Insurance Corporation of India [ 2013 (6) TMI 377 - ITAT MUMBAI] for Assessment Years 2007-08 to 2009-10 on an identical issue. Mr. Chhotaray fairly states that being aggrieved by the orders of the Tribunal passed in Life Insurance Corporation of India (supra) the reve .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... is in respect of Assessment Year 200607. 2. This appeal raises the following question of law for our consideration : ( i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in holding the dividend income of the assessee as exempt under Section 10(34) of the Act, without considering the fact that the income of the assessee engaged in the Life Ins .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X