Monday 8 June 2015

HC stays recovery against assessee to which sec. 11 relief was denied on act of rehabilitation of sl

IT : Where Assessing Officer held activity of assessee slum rehabilitation authority not charitable in view of newly inserted proviso to section 2(15), but assessee fairly made out a case that its activity would be charitable being its object a general public utility, pending appeal before Commissioner (Appeals), recovery of demand against assessee was to be stayed on deposit of 10 per cent of demand

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