AJMER DEVELOPMENT AUTHORITY,AJMER vs. CIT(EXEMPTION)/ ITO (EXEMPTION), JAIPUR / JODHPUR

In the result, the stay application filed by the assessee is dismissed

Bench: Shri Kul Bharatshri Manish Borad

14A was erroneous and is prejudicial 17 | P a g e to the interest of the Revenue—Not correct—CIT has held that the enquiry conducted by the AO was inadequate and has assumed the revisional jurisdiction—Assessee has filed all the details before the AO and AO has accepted the contention of the assessee that no expenditure was attributable

RAJASTHAN MARUDHARA GRAMIN BANK ,JODHPUR vs. ACIT, CIRCLE-3, JODHPUR

In the result, the appeal of the assessee bearing ITA No