CIT Vs. KRISHI UTPADAN MANDI SAMITI

JUDGEMENT

(1.) THIS bunch of 26 appeals relate to Assessment Years 2003-04 to 2005-07 in respect of assessment proceeding taken under Income Tax Act, 1961, the (IT Act). The assessee are different Krishi Utpadan Mandi Samitis (the Samitis) incorporated under UP Krishi Utpadan Mandi Samiti Adhiniyam, 1964 (the Mandi Act). The main question involved in these appeals is, 'Whether the amounts paid by the Samitees to the State Agriculture Produce Markets Board (the Board) under statutory obligation is application of its receipts entitling exemption under section/ allowance from the income.

(2.) IN all these cases, the Samitis in their returns claimed exemption/ allowance for the amount sent by them to the Board under the Mandi Act.

(3.) THE Income Tax Department (the Department) filed appeals before the Income Tax Appellate Tribunal (the Tribunal). THEse were dismissed by different orders. Hence, the present appeals.