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The Assam State Textbook Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Guwahati

Reported in : (2003)87ITD99(Gau.)

1. All these appeals relate to the asst. yrs. 1978-79, 1981-82 to 1988-89 and 1989-90 to 1992-93. In respect of the asst. yrs. 1989-90 to 1992-93 the Department is in appeal. In respect of other assessment years the assessee is in appeal before this Tribunal. The common point involved in all the 13 appeals is whether the assessee is entitled for exemption under Section 10(22) of the IT Act, 1961. Hence, we heard all the appeals together and disposing of the same by this common order.2. Mr. Uttam Kumar Barthakur, the learned counsel for the assessee, submitted that originally the assessee was known as "Board for Production of Textbooks and Research", Assam. His Excellency, the Governor of Assam, dissolved this Board by a notification dt. 26th July, 1972, and the assets and liabilities were placed in the newly constituted "The Assam State Textbook Production and Publication corporation Ltd". The learned counsel for the assessee submitted that the main object of the assessee is to do res...