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| The Tax Publishers2019 TaxPub(DT) 3761 (SC) : (2019) 263 TAXMAN 0348 INCOME TAX ACT, 1961
Section 261 Section 11 Section 12A
Where the department preferred SLP to appeal against the judgment of Bombay High Court in DIT(Exemptions) v. Gemological Institute of India [IT Appeal No. 2467 of 2013, dt. 7-4-2016] : 2019 TaxPub(DT) 3762 (Bom-HC), whereby the High Court upheld the Tribunal order holding that once registration was granted to assessee-trust under section 12A, then it was not open to AO while examining compliance with section 11 to revisit objects of assessee again, the Supreme Court dismissed the SLP on the ground of low tax effect.
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Appeal (Supreme Court) - Special leave petition - Trust - Exemption under section 11--After grant of registration under section 12A, AO revisited objects of assessee-trust again
Department preferred SLP to appeal against the judgment of Bombay High Court in DIT(Exemptions) v. Gemological Institute of India [IT Appeal No. 2467 of 2013, dt. 7-4-2016] : 2019 TaxPub(DT) 3762 (Bom-HC), whereby the High Court upheld the Tribunal order holding that once registration was granted to assessee-trust under section 12A, then it was not open to AO while examining compliance with section 11 to revisit objects of assessee again.Held: The Supreme Court dismissed the SLP on the ground of low tax effect.
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
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