2024 (2) TMI 1411 - HC - Income Tax

Review petition - Exemption u/s 10(22) - denial of exemption objects of the Trust include commercial activity - HELD THAT - We may record that petitioner had already filed a review petition in 2023 (3) TMI 1512 - KARNATAKA HIGH COURT and the same has been dismissed as noted above. Therefore, in our opinion, the benefit of the authority in the case of KHODAY DISTILLERIES 2019 (3) TMI 232 - SUPREME COURT is not applicable to the facts of this case. Hence, Review Petition is dismissed.

Summary

The High Court of Karnataka dismissed a review petition in R.P.No.31 of 2023, which was challenged in the Apex Court in Special Leave to Appeal (c) Nos.6925-6928 of 2023. The Apex Court upheld the High Court's decision, leading to the dismissal of the review petition. The petitioner's argument citing a previous case was deemed inapplicable, and the Review Petition was ultimately dismissed.