2024 (4) TMI 503 - SCH - Income Tax

Exemption u/s 11 - denial of claim as Assessee-Trust had not furnished proper information to the Charity Commissioner and there was shortfall in making provision of Indigent Patients Fund ( IPF ) with huge generation of surplus as running a canteen in the hospital with profit motive and was not providing free meals - CIT(A) followed the orders of his predecessor for Assessment Years 2008-2009 and 2009-2010 and decided the issue in favour of Assessee which was upheld by ITAT and HC - HELD THAT - Delay condoned. No case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petition is accordingly dismissed. Pending application also stands disposed of.

Summary

The Supreme Court dismissed the Special Leave Petition under Article 136 of the Constitution of India, as no case for interference was found. Delay was condoned, and the pending application was disposed of.