2009 (10) TMI 422

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....has preferred this appeal under section 260A of the Income-tax Act, 1961 (for short, "the Act") against the order dated July 31, 2008, passed by the Income-tax Appellate Tribunal, Chandigarh Bench "A" in I. T. A. No. 66/Chandi/2008 for the assessment year 2003-04, proposing to raise the following substantial question of law: "Whether, on the facts and in the circumstances of the case and in law....

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.... the trustees were I. A. S. officers. Delay in making application was on account of lack of awareness about the procedural provisions. The relevant observations of the Tribunal are as under: "Brief facts are that the two founder trustees, Dr. Raghbir Singh Basi and Dr. Gurdev S. Gill are residing in the U. S. and Canada respectively. Dr. Raghbir Singh Gill is aged about 80 years and is former P....

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....e underhand projects were in the process of implementation and the main focus of the trustees was to execute these projects properly. They were also not aware about the income-tax laws in India. Even otherwise as claimed, the trustees wanted the first projects to be completed as it was the basis on which the Government would also participate in this extraordinary venture along with various other N....