9911796707
TMI Blog2014 (10) TMI 982X X X X Extracts X X X X X X X X Extracts X X X X ..... later has rightly come to the conclusion that the delay is a bonafide one and therefore, it requires to be condoned. It has also taken note of the parliamentary legislation which was passed by the Government Major Ports. the nature of work the assessee is carrying on, the way in which they are protecting the interest of the country, the lengthy coast line in the west and in the east and held that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as a major port with effect from 1.4.1980. Since the inception as a trust, the assessee has been enjoying exemptions from income tax in terms of the provisions of Sub Section (20) of Section 10 of the Act. Consequent to the amendment brought to Section 10(20) of the Act by introducing explanation with effect from 1.4.2003, the term local authority has been given retrospective meaning. By virtue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bed form, which could be done only after obtaining requisite permission from the Central Government, found there was no malifides in not filing the application within the time prescribed. Therefore, it condoned the delay and directed registration under Section 12A of the Act. Aggrieved by the said order the Revenue is in appeal before this Court. Learned counsel for the revenue assailing the im ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... est of the country, the lengthy coast line in the west and in the east and held that therefore, it is entitled to registration under Section 12A of the Act. The order passed by the Tribunal is flawless. We do not see any justification to interfere with the said order. Accordingly we do not see merit in the appeal. No substantial question of law arises for consideration. Accordingly, appeal is d ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
