2014 (8) TMI 1130 - SCH - Income Tax

Eligibility for exemption u/s 11 Violation of section 13(1)(c)(ii) r.w. section 13(3) - Whether the assessee was ineligible for the exemption u/s 11 on the ground that there was contravention of the provisions of Section 13(1)(c)(ii) read with Section 13(3) of the Act Held that - Delay condoned. Leave granted. HC order saying 2014 (3) TMI 760 - DELHI HIGH COURT assessee committed a violation of the provisions of Section 13(1)(c)(ii) read with Section 13(2) and Section 13(3) of the Act - The trust was accordingly not eligible for the exemption under Section 11 of the Act for both the years - Decided in favour of revenue.

Summary

The Supreme Court in 2014 (8) TMI 1130 - SC Order, with Hon'ble Mr. Justice Kurian Joseph and Hon'ble Mr. Justice Rohinton Fali Nariman, granted leave after condoning the delay. Petitioner represented by Mr. S. Ganesh, Sr. Adv., Mr. Satyam Sethi, Adv., Mr. Rameshwar Prasad Goyal, Adv., Mr. Mukul Rohtagi, AG, Ms. Rajni Ohri Adv., Mr. Rupesh Kumar, Adv. for Mrs. An