M/S. MAHASAKTI FOUNDATION,KALAHANDI vs. ACIT, SAMBALPUR
In the result, the appeals filed by the assessee are allowed
ITA 134/CTK/2015[2007-08]Status: DisposedITAT Cuttack06 Jun 2017AY 2007-08
Bench: S/Shri N.S Saini & Pavan Kumar Gadale
For Appellant: Shri P.K.Mishra, ARFor Respondent: Shri Kunal Singh, CIT DR
Section 11Section 12ASection 147Section 194ASection 201(1)Section 40
ab-initio, the same kindly be quashed. Consequently the impugned assessment framed u/s 143(3)/148 dated 09.04.2013 also kindly be quashed.
The appellant be held entitled to the benefits of Sec. 11 & 12 and its total income is exempted in view of Sec. 12A(2) of the Act which is having a retrospective benefit
