THE PR. COMMISSIONER OF INCOME TAX-2, CHD vs. M/S AGRI KING TRACTORS AND EQUIPMENTS PVT. LTD.

The appeal stands dismissed

Bench: It Should Be Reinstated & Decided On Merits ?” Ii. Whether On The Facts & In The Circumstances Of The Case, The Ld. Itat Is Justified In Directing The Assessing Officer To Verify The Claim Of The Assessee Having Not Earned Any Exempt Income In The Year Under Consideration & Allow The Relief Accordingly, Ignoring The Legislative Intent Anuradha 2020.01.30 16:03 I Attest To The Accuracy & Integrity Of This Document

disallowance irrespective of the fact whether any such income has been earned during F.Y. or not as confirmed by Apex Court in Maxopp Investment Ltd. vs. CIT, 91 Taxman.com 154 (SC) ? iii. Whether on the facts and in the circumstances of the case, the Ld. ITAT is justified in directing the assessing officer to verify the claim of the assessee