https://www.taxtmi.com/caselaws?id=171314 Income-tax demand raised by disallowing exemption under section 10(14) was held unsustainable in light of an earlier Division Bench ruling that had already settled the exemption controversy. As the demand itself lacked legal basis, the consequential notice of demand also could not stand. The attachment of the bank account, being purely consequential to the invalid demand, likewise lost its foundation and had to be withdrawn forthwith. en-us Mon, 17 Feb 2003 00:00:00 +0530 Thu, 16 Jul 2015 14:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171314 Income-tax demand raised by disallowing exemption under section 10(14) was held unsustainable in light of an earlier Division Bench ruling that had already settled the exemption controversy. As the demand itself lacked legal basis, the consequential notice of demand also could not stand. The attachment of the bank account, being purely consequential to the invalid demand, likewise lost its foundation and had to be withdrawn forthwith. Case-Laws Income Tax Mon, 17 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171314