Assessment restriction: tax officer must await government action before disregarding exemptions for notified charitable and research entities. Assessment under section 143(3) is constrained: assessments cannot ignore the exemption provisions of section 10 for specified research associations, news ... Summary
Assessment restriction: tax officer must await government action before disregarding exemptions for notified charitable and research entities.
Assessment under section 143(3) is constrained: assessments cannot ignore the exemption provisions of section 10 for specified research associations, news agencies and institutions filing under section 139(4C) unless the Assessing Officer has intimated the Central Government/prescribed authority about contraventions and approval/notification has been withdrawn or rescinded; where specified violations are found in funds, trusts, universities, educational or medical institutions, the Assessing Officer must refer for withdrawal of approval/registration and await the Principal Commissioner/Commissioner's order before making an assessment.
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