Petition dismissed; petitioner allowed to submit detailed disclosures and documents for re-consideration; notices for 2019-23 may be adjudicated on me...
Confiscation and duty recovery quashed where licensing records show export obligation discharged; customs lacks jurisdiction absent licence annulment ...
Page of 4828
Press 'Enter' after typing page number.
10161 to 10180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s allowance of the trust's claim for exemption under s.11 and s.12 and rejecting the AO's invocation of s.13(1)(c) to treat the trust as an AOP. The Tribunal relied on a co-ordinate bench decision setting aside the cancellation of registration under s.12A/s.12AB and directed restoration of registration; prior judicial precedent and facts on record demonstrate that the trust deed permits the challenged leasing arrangement and that the issue is no longer open to re-investigation. Consequently, the assessee retains charitable status and entitlement to exemptions for the assessment year under review; Revenue's appeal is dismissed.
The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s allowance of the trust's claim for exemption under s.11 and s.12 and rejecting the AO's invocation of s.13(1)(c) to treat the trust as an AOP. The Tribunal relied on a co-ordinate bench decision setting aside the cancellation of registration under s.12A/s.12AB and directed restoration of registration; prior judicial precedent and facts on record demonstrate that the trust deed permits the challenged leasing arrangement and that the issue is no longer open to re-investigation. Consequently, the assessee retains charitable status and entitlement to exemptions for the assessment year under review; Revenue's appeal is dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
