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Income Tax Appellate Tribunal, BANGALORE BENCH ‘A’
Before: SHRI N.V VASUDEVAN & SHRI. JASON P BOAZ
PER SHRI N.V VASUDEVAN, JUDICIAL MEMBER :
These are appeals by the assessee against the order dated 15/2/2016 and 16.5.2016 of Commissioner of Income-tax (Appeals) – 7 & 3, Bangalore, respectively, relating to asst. year 2009-10 & 2010-11.
These appeals filed by same assessee for two different assessment years were heard together. Since common issues are involved in these appeals, we deem it convenient to pass a common order.
(ii) Profits attributable to disallowance of expenditure are also eligible for exemption U/s.1OA of the act.
These grounds are identical to the grounds raised in Bang/2016 by the Assessee for AY 2009-10. For the reasons stated while adjudicating identical grounds of appeal. We allow ground No.3 to 6 raised by the assessee and dismiss ground No.2 raised by the assessee. The appeal is thus partly allowed
In the result, both the appeals are partly allowed.
Order pronounced in the open court on 18th April, 2018.