In the result, both the Appeals filed by the assessee in ITA
Bench: Or At The Time Of Hearing Of The Appeal.”
whether the assessee was ineligible for the exemption under Section 11 on the ground that there was contravention of the provisions of Section 13(1)(c)(u) read with Section 13(3) of the Act. It is necessary for briefly notice the statutory provisions in this regard Section 11 exempts