2021 (1) TMI 1298

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gra in view of the judgment of this High Court rendered [ 2020 (8) TMI 600 - GUJARAT HIGH COURT] This tax appeal fails and is hereby dismissed. - R/TAX APPEAL NO. 26 of 2021 - - - Dated:- 20-1-2021 - HONOURABLE MR. JUSTICE J.B.PARDIWALA AND HONOURABLE MR. JUSTICE ILESH J. VORA MRS MAUNA M BHATT(174) for the Appellant No. 1 G H VIRK(7392) for the Opponent No. 1 ORAL ORDER .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mstances of the case, the Appellate Tribunal is justified in allowing the accumulation of 15% of Rs.93,59,17,865/- without appreciating the fact that once the provision of Section 2(15) r.w.s 13(8) is applicable, the assessee forfeits all the exemptions under Sections 11 and 12 of the Act? (C ) Whether on the facts and in the circumstances of the case, the Appellate Tribunal is justified in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X