2014 (3) TMI 1102 - HC - Income Tax

Application u/s 12A rejection - Held that - The only ground on which the DGIT in this case rejected the application u/s 10 (23C) of the Act is that the relief granted in respect of the previous years by virtue of the Income Tax Appellate Tribunal s order was premised on erroneous grounds. Subsequent developments have rendered the revenue s position untenable.

Summary

The Delhi High Court quashed an order rejecting a petitioner's application under Section 12A of the Income Tax Act for A.Y. 2011-12. The court directed the respondents to grant the relief claimed by the petitioner based on a previous order upheld by the court in ITA No.37/2003.