https://www.taxtmi.com/caselaws?id=152686 Income escaping assessment could be made under section 41(1) even as a first assessment where income had escaped assessment for any reason, so the ten-year limitation applied and the assessment was not time-barred. The claim for exemption as a charitable institution failed because the petitioner did not prove the required registration and related factual basis, filed the return as an association of persons, and showed an institution constituted for the benefit of a particular community. The assessment and denial of exemption were therefore sustained in favour of Revenue. en-us Thu, 17 Jan 2008 00:00:00 +0530 Mon, 15 Dec 2014 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152686 Income escaping assessment could be made under section 41(1) even as a first assessment where income had escaped assessment for any reason, so the ten-year limitation applied and the assessment was not time-barred. The claim for exemption as a charitable institution failed because the petitioner did not prove the required registration and related factual basis, filed the return as an association of persons, and showed an institution constituted for the benefit of a particular community. The assessment and denial of exemption were therefore sustained in favour of Revenue. Case-Laws Income Tax Thu, 17 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152686