https://www.taxtmi.com/caselaws?id=331296 The appeal was allowed in favor of the appellant. The Tribunal held that the reopening of the assessment under section 147/148 was invalid. The receipt of Rs. 2,08,00,000 was deemed not taxable. The appellant was entitled to the benefits of sections 11 and 12 for the assessment year 2007-08 due to the retrospective application of the registration under section 12A. The order pronounced on June 2, 2016, concluded that all grounds were decided in favor of the appellant and against the Revenue. en-us Thu, 02 Jun 2016 00:00:00 +0530 Fri, 19 Aug 2016 10:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331296 The appeal was allowed in favor of the appellant. The Tribunal held that the reopening of the assessment under section 147/148 was invalid. The receipt of Rs. 2,08,00,000 was deemed not taxable. The appellant was entitled to the benefits of sections 11 and 12 for the assessment year 2007-08 due to the retrospective application of the registration under section 12A. The order pronounced on June 2, 2016, concluded that all grounds were decided in favor of the appellant and against the Revenue. Case-Laws Income Tax Thu, 02 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331296