TMI BlogStay petition - exemption u/s 12A(a) - assessed market rent for the properties let out - Prima facie...Stay petition - exemption u/s 12A(a) - assessed market rent for the properties let out - Prima facie case has been made out by the petitioner since the Associate Companies who are their tenants from the date when the petitioner obtained exemption from payment of income tax u/s 12A(a) right from the year 1973 onwards - AO has committed an error in not exercised his discretion for the grant of stay ..... X X X X Extracts X X X X X X X X Extracts X X X X
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