INCOME TAX OFFICER (EXEMPTIONS), RAJAHMUNDRY vs. AGRICULTURAL MARKET COMMITTE,, AKIVEEDU
In the result, appeal filed by the Revenue and the cross objection filed by the assessee are dismissed
ITA 316/VIZ/2018[2005-2006]Status: DisposedITAT Visakhapatnam23 Aug 2019AY 2005-2006
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleito (Exemptions), Vs. M/S. Agricultural Market Rajahmundry. Committee, Siddhantham Road, Market Yard, Akiveedu, W.G. District. Pan No. Aakfa 8420 C (Appellant) (Respondent)
For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri V. Appalra Raju– Sr.DR
Section 10(20)Section 11Section 11(2)Section 11(5)Section 12ASection 143(3)
delay is condoned.
3. Facts of the case, in brief, are that assessee is a body established under the Andhra Pradesh Agricultural (Produce & Live
Stock) Markets Act, 1966. The Commissioner, Rajahmundry granted registration u/sec. 12AA to the assessee on 26/07/1993. The assessee has claimed exemption of its income under the provisions of section 11 & 12 of the Act. The claim
