2019 (12) TMI 1316

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....tra and Mr.Swapnil Tripathi, Advs.   Respondents Through: Ms. Sunny Shangloo, Govt. Pleader with Mr. Shubham Gandhi, Adv. Mr. Ruchir Bhatia, Sr. Standing counsel for Income Tax with Ms. Madhura Chandra and Mr.Shlok Chandra, Jr. Standing counsels. Ms. Shiva Lakshmi, CGSC. O R D E R CM APPL. 54402/2019 in W.P.(C) 13401/2019 & CM APPL. 54409/2019 in W.P.(C) 13405/2019 (exemptions) 1. Exempti....

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.... assessment proceedings. He, however, expresses an apprehension that the AO would feel bound by the prima facie findings returned by the Authority for Advance Ruling in relation to the alleged tax avoidance. 5. We make it clear that on a reading of the impugned order passed by the said authority, it is evident that the said findings are only prima facie, which means, that they are not final and b....