Mumbai Metroplitan Region Development Authority, Mumbai vs. DIT (E), Mumbai
In the result, appeal of the assessee is allowed
ITA 3690/MUM/2014[2009-10]Status: DisposedITAT Mumbai06 Apr 2017AY 2009-10
Bench: Shri R.C.Sharma, Am & Shri Ram Lal Negi, Jm Mumbai Metropolitan Vs. Director Of Income Tax Region Development (Exemptions), Mumbai Authority, Plot No. C-14 & 15, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Pan/Gir No. Aaatm7106R Appellant) .. Respondent)
Section 11Section 12ASection 2(15)Section 263
…-05. In the assessment Order dated 21.12.2006 u/s. 143(3) of the IT. Act. elaborate discussion was made. The AO has also referred the relevant case laws i.e. Bombay High Court in the case of Madhav Prasad Nathuran Pandit Vs. Mohilal Ramchand Mahesee 30 Bom LR 186 AIR 1928 Bom 97 : 108 I.c.. 482 and Madras High Court in the case of the case of R. Venugopala Reddian Vs. Krishna Swamy Reddiar AIR1971 Mad 262. During this year relevant to the assessment v ear there is also no change in the fact and circumstances of the case of the assessee. Therefore, the assessee's claim of Exemption u/s. 11 of the IT. Act,1961 is d…