Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (1) TMI 824 - KERALA HIGH COURTAssessment barred by limitation - claim of exemption as a charitable institution, under section 16 of the Kerala Agricultural Income-tax Act, 1991 - Held that:- The assessment in this case, is in substance, one made under section 41(1) of the Act which is within time and is not barred by limitation. We are of the view that the claim of exemption under section 16 of the Act does not really arise from the Tribunal's order, as the petitioner has not established compliance with the procedure for getting exemption. Besides, the benefit which the charitable trust constituted by the petitioner enures only to members of the Jain community and it is to be noted that a charitable institution constituted for the benefit of a community, is not entitled to exemption.Revision petition dismissed.
|