2009 (4) TMI 59

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.... be a Charitable Trust. The Trust enjoys exemption from income tax by virtue of provisions of Section 12A of the Income Tax Act. However, despite the same, proceedings have been initiated against the petitioner for assessment of income tax under Section 158 BC for the block period 1.4.1995 to 11.9.2001 in view of certain discrepancies found out from the accounts of the petitioner, which according ....