2012 (10) TMI 253

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....han, Advocate for the petitioner.   Ms. Savita Saxena, Advocate for the respondents.   SURYA KANT, J. (ORAL)   The Patiala Urban Planning and Development Authority, Patiala, is aggrieved by the notice dated 14.3.2012 (Annexure P-10) issued under Section 226 (3) of the Income Tax Act (for short 'the Act') raising demand of Rs. 19,32,36,475/- towards income tax, penalty/interest et....

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....s also been placed on record (Annexure P-6). In our considered view the effect of exemption granted or claimed by the petitioner-Authority pursuant to order dated 28.9.2005 (Annexure P-4) can be raised by the petitioner before the Appellate Authority who shall be obligated to consider the same while deciding the petitioner's appeal. Similarly, the plea taken by the Revenue in its counter-affidavi....