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| The Tax Publishers2019 TaxPub(DT) 6905 (SC) INCOME TAX ACT, 1961
Section 261 Section 10(23EA)
Where the Department preferred SLP to appeal against the judgment of Bombay High Court in DIT (Exemption) v. National Stock Exchange Investor Protection Fund Trust [ITA No. 1217 of 2016, dt. 4-1-2019] : 2019 TaxPub(DT) 0749 (Bom-HC), whereby the High Court held that there was no prohibition in law which would prevent the assessee-trust to claim exemption under section 10(23EA) besides claiming the benefits under sections 11 to 13, therefore, Tribunal was justified in allowing the claim of assessee, the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Exemption under section 10(23EA) - Charitable trust--Validity of the claim raised for the first time before Appellate Authority
Where the Department preferred SLP to appeal against the judgment of Bombay High Court in DIT (Exemption) v. National Stock Exchange Investor Protection Fund Trust [ITA No. 1217 of 2016, dt. 4-1-2019] : 2019 TaxPub(DT) 0749 (Bom-HC) whereby the High Court held that there was no prohibition in law which would prevent the assessee-trust to claim exemption under section 10(23EA) besides claiming the benefits under sections 11 to 13, therefore, Tribunal was justified in allowing the claim of assessee. Held: The Supreme Court dismissed the SLP.
REFERRED :
FAVOUR : SLP dismissed
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