COMMISSIONER OF INCOME TAX (EXEMPTION) ASHOK MARG LUCKNOW Vs. M/S. ALLAHABAD AGRICULTURAL INSTITUTE NAINI ALLAHABAD

JUDGEMENT

(1.) Instant appeals have been preferred by Income Tax Department (herein after referred to "Revenue") under Sec. 260A of Income Tax Act, 1961 (herein after referred to as "Act, 1961") arising from a common judgment and order dated 29.08.2014 passed by Income Tax Appellate Tribunal, Allahabad Bench, Allahabad (herein after referred to as "Tribunal") relating to different Assessment Years (herein after referred to as "A.Y."). Details of appeals are given in the following chart:

(2.) Though appellants have formulated six substantial questions of law, but after some arguments, we find following three substantial questions of law arising in these appeals. Learned counsel for parties have also agreed and addressed us on these substantial questions of law:-

(3.) Before dealing with aforesaid questions on merits, it would be useful to have a bird-eye view of relevant facts, giving rise to present dispute.