Assessee is  a religious trust registered under section 12A. Assessee purchased gold and silver along with silver bullion for preparation of various gold and silver ornaments for various idols of God in temple. Assessing Officer disallowed assessee’s claim of exemption under section 11 on assumption of fact that assessee had made an investment in gold and silver in violation of provisions of section 11(5)(b). Commissioner (Appeals) allowed the claim.  Tribunal held that practice of purchasing gold and silver for making ornaments had been followed by assessee preceding years also and exemption was not disallowed in those years, in absence of any change in facts from earlier years, following principle of res judicata, exemption  is allowed. (AY. 2016-17)