https://www.taxtmi.com/caselaws?id=390560 The court set aside the assessment orders under Section 143(3) of the Income Tax Act, 1961 for two societies, Medical Research Foundation (MRF) and Vision Research Foundation (VRF), due to violations of natural justice principles. Allegations of money laundering and common office bearers led to the rejection of exemption claims. The court emphasized the importance of providing notice and an opportunity to respond. The assessments were quashed, requiring the petitioners to present their case afresh before the Assessing Officer within a specified timeline. en-us Wed, 18 Dec 2019 00:00:00 +0530 Mon, 06 Jan 2020 06:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390560 The court set aside the assessment orders under Section 143(3) of the Income Tax Act, 1961 for two societies, Medical Research Foundation (MRF) and Vision Research Foundation (VRF), due to violations of natural justice principles. Allegations of money laundering and common office bearers led to the rejection of exemption claims. The court emphasized the importance of providing notice and an opportunity to respond. The assessments were quashed, requiring the petitioners to present their case afresh before the Assessing Officer within a specified timeline. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390560