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2018 (6) TMI 228 - KARNATAKA HIGH COURTReopening of assessment - Rejection of application filed application seeking exemption under Section 12AA - Challenge to order of rejection of its application pending consideration before the Income Tax Appellate Tribunal - Held that:- Since the application is filed on 14.12.2016, therefore, the petitioner would be entitled to seek exemption for the AY 2017-18 onwards - same would not benefit the petitioner for previous assessment years - notice u/s 147 is issued for assessment year from 2010-2011 to 2014-15 - thus the question of interfering with the said notices on the premise that the petitioner has challenged the order of rejection of its application filed u/s 12AA and the same is pending consideration before the Income Tax Appellate Tribunal cannot be a basis to quash the said notices - hence notices which are issued for the years prior to AY 2016-2017, the petitioner does not have any right to challenge the same in this proceeding - writ petitions being dismissed.
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