TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court Dismisses Petition; All Related Applications Resolved Without Relief for Petitioner.</h1> <h3>DY. COMMISSIONER OF INCOME TAX CIRCLE - 1 Versus AREEZ KHAMBATTA BENEVOLENT TRUST</h3> The SC dismissed the special leave petition following extensive arguments from both parties' counsel. All pending applications related to the matter were ... Reopening of assessment u/s 147 - breach of section 11(3)(d) - eligibility of reason to believe - misuse or abuse of funds by the trustees of the trust - violation of section 11(2) read with section 11(3)(d) of the Act as payment was made to CIMS Hospital Pvt. Ltd. for Linac machine - as decided by HC [2019 (4) TMI 291 - GUJARAT HIGH COURT] reasons recorded it is evident that the AO has consciously decided that there was violation of section 11(3)(d) of the Act, and since on the reasons recorded, the AO could not have formed the belief that income chargeable to tax has escaped assessment, the impugned notice u/s 148 of the Act lacks validity and cannot be sustained. HELD THAT:- We have heard learned senior counsel for the petitioner and learned counsel for the respondent at length. The special leave petition is dismissed. The Supreme Court dismissed the special leave petition after hearing both parties' counsel at length. Any pending applications were also disposed of.
TaxTMI 
TaxTMI 
