2007 (9) TMI 669

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....of the Income Tax Act (for short hereinafter referred to as the 'Act) as per Annexure-A. The Income Tax Appellate Tribunal by the order dated 26.7.1993, while dealing with the matter pertaining to assessment year 1988-89, held that the petitioner is the charitable trust and allowed the exemption under Section 11 of the Act. Thereafter, the petitioner field returns of income by declaring nil income....

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....ng the claim for exemption under Section 11 of the Act. On 3.3.1999 the assessment order under Section 143(3) r/w. Section 147 of the Act was passed for the year 1994-95 accepting the revised returns field. Consequently the tax was computed at Rs. 60,256/-. However, the interest under Section 234B and 234C was also levied as could be seen from Annexure-D. For subsequent years also the assessment o....

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....ner to pay the tax for the assessment year 1994-95. Consequently the petitioner filed the returns of income for the years 1994-95 till 1997-98, claiming exemption under Section 11 of the Act pursuant to the order of the Income Tax Appellate Tribunal. Those returns were processed under Section 143(1)(a) of the Act, accepting the claim of the petitioner. Thus, for the years 1994-95 and 1997-98 the D....