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2012 (7) TMI 547 - AT - Income TaxExemption under section 80P(2) (a) (i) of the Income Tax Act - interest received from the members of the society – Held that:- Tribunal was required to examine the memorandum of association, the articles of association, the return of income filed with the Department, the status of business indicated in such returns, etc - parties not brought on record copy of Memorandum of Association and Articles of Association of the assessee-society nor produced copy of returns as filed by the assessee nor the relevant audit reports - issue requires verification of records and therefore, the issue should be restored to the file of the Assessing Officer for proper verification - matter remanded back to the file of the Assessing Officer - appeal of revenue is allowed for statistical purposes.
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