The Director Of Income Tax v. M/S.durgadevi Sharma

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.110 OF 2008 The Director of Income Tax..Appellant Vs. M/s.Durgadevi Sharma .........Respondent Mr.P.S.Sahadevan, for the Appellant. CORAM: F.I.REBELLO&K.U.CHANDIWAL, JJ.DATED: 30TH JUNE, 2008 CORAM: F.I. K.U.CHANDIWAL, JJ. DATED: 30TH JUNE, 2008 P.C.: P.C.: . The I.T.A.T. in Appeal preferred by the Revenue has dismissed the Appeal by recording a finding that since the assessment year 1985-86 to 1991-92 and thereafter for all the assessment years the Revenue had allowed exemption under Section 11 of the Income Tax Act and the Revenue cannot be permitted to take a different stand relying on the judgment of the Supreme Court in the case of Radhaswami Satrang vs. C.I.T. (1992) 1 SCC 659 and Radhaswami Satrang vs. C.I.T. (1992) 1 SCC 659 and193 ITR 321 (S.C.). In our opinion the order of the 193 ITR 321 (S.C.). Tribunal cannot be faulted. Consequently Appeal dismissed. (K.U.CHANDIWAL, J.) (F.I.REBELLO, J.) (K.U.CHANDIWAL, J.) (F.I.REBELLO, J.)