2018 (4) TMI 716

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..... rim relief - Held that:- On the basis of undertaking given by the petitioner, SC directed that the donors who want to donate some money to the petitioner for construction of the specified hospital by the petitioner may claim exemption under Section 35AC of the Income Tax Act. However, in case the petitioner does not succeed here, the petitioner will be liable to pay the amount of tax and applicabl .....

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..... e Tax, 1961 inserted w.e.f. 1st April, 2017 is under challenge in the present special leave petition. Learned senior counsel appearing on behalf of the petitioner submitted that the effect of the amendment is that no donors are coming forward to donate the amount which is required for construction of the specified hospital etc. Therefore, even if the petitioner succeeds in the matter, the petit .....

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