On writ the Court held that\u00a0 a prima facie case had been made out by the assessee since the associate companies were its tenants from the date when the assessee obtained exemption from payment of Income-tax under section\u00a012A(a)\u00a0of the Act from the year 1973 onwards. The Department had raised the issue only for the assessment year 2016-17 even though income tax returns were filed by the assessee disclosing the tenancy, right from the date when it was granted exemption from payment of Income-tax under section\u00a012A(a)\u00a0. The Assessing Officer ought to have considered all these aspects and should have granted stay of the order. The order was not valid.( AY.2016-17)<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
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