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2014 (7) TMI 997 - HC - Income TaxExemption u/s 10(23G) - precondition for issuing bonds introduced by Finance Act, 1997, w.e.f.01.04.1998 - applicability of such preconditions on purchase of bond which were isued as on 18.2.1998 - Held that:- Once the bonds which had been issued, in respect of which exemption is claimed by the asseesee, were so issued on 18th February 1998, then, requirement of a notification in the official gazette as a condition precedent for exemption u/s 10(23G) of the Act, was inapplicable - the Tribunal was in no error in reversing the concurrent findings of facts – it was clearly vitiated by any error of law apparent on the face of the record – Decided against revenue.
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