TaxTMI 
TaxTMI 
2019 (10) TMI 741
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....JIT NAGENDRAN For The Respondents : ADV. SRI. JOSE JOSEPH JUDGMENT The challenge in the Writ Petition is against Ext.P2 order of assessment passed in relation to the petitioner for the assessment year 2016-2017 under the Income Tax Act. The main contention urged by the learned counsel for the petitioner is that while passing Ext.P2 assessment order, the assessing authority did not consider the....
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....is pointed out that the Assessing Officer did not also consider the impact of the first proviso to Section 12 A of the Income Tax Act, which clearly made the provisions of Sections 11 and 12 applicable to the income received by an assessee who had been granted registration under Section 12AA, in any assessment year for which assessment proceedings were pending before the Assessing Officer as on th....
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....Income Tax Act as also under Section 10(23) C of the Act. A perusal of the reasoning of the Assessing Officer would clearly indicate that he has completely overlooked the impact of the first proviso to Section 12 A of the Income Tax Act as also the fact that the proviso to Section 10(23)C had no application to a case that was covered by Section 10(23)C (iiiab) under which category, the petitioner ....