DCIT (EXEMPTIONS), CIRCLE 1(1), HYDERABAD vs. NATIONAL INSTITUTE OF RURAL DEVELOPMENT AND PANCHAYATI RAJ, HYDERABAD

In the result, both the appeal filed by the Revenue and cross- objection filed by the assessee are dismissed

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

124(3) of the Income-tax Act, 1961. 4.1 The learned CIT(Appeals) erred on the facts and in the circumstances of the case and in law in holding that that exemption under sec.11 of the Income-tax Act, 1961 can be claimed in the return of income filed under sec.148 of the Income-tax Act, 1961. 4.2 The learned

GARUDAPALLY SHRUTHI GUPTA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA