Appeal dismissed: petitioner denied ITC for electricity used in township maintenance as residential supply; Explanation 1(d) prospective under s.2(17)...
Registration under section 12AA granted where substantive charitable objects for ex-servicemen, incidental commercial activity permitted and profits a...
The HC directed that, since the appellate fact-finding by the ITAT attained finality and the petitioner paid the assessed arrears in accordance with the tribunal's order, no further recovery proceedings could be lawfully pursued and the existing attachment must be lifted. Relying on the mandate of s.225(2) of the IT Act, the court ordered the Tax Recovery Officer (TRO) to vacate the attachment dated 10.12.2021 and notify the concerned respondent within four weeks; the receiving respondent was ordered to remove encumbrances in the entry certificate forthwith upon receipt. The court emphasized that the Department remains free to seek recovery only if it succeeds in any subsequent appeal.
The HC directed that, since the appellate fact-finding by the ITAT attained finality and the petitioner paid the assessed arrears in accordance with the tribunal's order, no further recovery proceedings could be lawfully pursued and the existing attachment must be lifted. Relying on the mandate of s.225(2) of the IT Act, the court ordered the Tax Recovery Officer (TRO) to vacate the attachment dated 10.12.2021 and notify the concerned respondent within four weeks; the receiving respondent was ordered to remove encumbrances in the entry certificate forthwith upon receipt. The court emphasized that the Department remains free to seek recovery only if it succeeds in any subsequent appeal.
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