ITAT grants section 11 exemptions to charitable trust on the principle of consistency

DCIT (Exemption) Vs Yug Nirman Yojna Vistar Trust (ITAT Delhi) Facts- The assessee is a trust, registered u/s 12A of Income Tax Act. Perusal of assessment order dated 29.12.2016 passed by the Assessing Officer u/s 143(3) of Income Tax Act; shows that registration u/s 12A was granted to the assessee by order dated 01.05.2009 of Ld. CIT(A), Agra. However, the Assessing Officer, vide aforesaid assessment order dated 29.12.2016, denied benefit of exemption u/s 11A read with section 12A of Income Tax Act and treated the assessee’s income, amounting to Rs.3,16,43,346/- as business income instead o...