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2015 (4) TMI 187 - HC - Income TaxScope of Section 153C - exemptions u/s 12A denied on various grounds including allegations of collection of cash from students for admissions, etc - Held that:- The Tribunal examined the scope of Section 153C of the Income Tax Act, 1961 and observed that the provision cannot be resorted unless the Authorities find any material which is incriminating in nature. In the facts of this case, there was no justification in proceeding under Section 153C of the Income Tax Act, 1961 and, therefore, we find that the Tribunal's view was justified in the facts and circumstances peculiar to the Assessee. A similar issue was decided in by this Court in the case of the same Assessee [2014 (7) TMI 94 - BOMBAY HIGH COURT ] - Decided against revenue.
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