9911796707
TMI Blog2022 (3) TMI 534X X X X Extracts X X X X X X X X Extracts X X X X ..... inable in such circumstances. In our opinion, the nature of order that we propose to pass would not be an infraction of the law laid down by the Supreme Court. We have considered the issue and set aside the impugned orders (Annexures P-5 to P-8) with a direction to the respondent No.1 to redecide the objections filed by the petitioner after considering all the points raised therein. For this pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his petition the petitioner has challenged the rejection of its objections to a notice for income escaping assessment. 4. The case of the petitioner is that it is a university set up by an entity calling International Foundation for Research and Education (for short 'IFRE'). As per the petitioner, this Foundation is a special purpose vehicle which was established by a group of philanthr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the petitioner is only desirous of showing that no income which it has generated has escaped assessment and for that purpose, had placed on record the entire assessment of the Foundation and if the respondent had just cared to examine the assessment record of the Foundation, this fact would have been cleared. In our opinion, the plea that all the facets brought forward by the petitioner and all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. For this purpose, parties through counsel are directed to appear before respondent No.1 on 2.3.2022 and on any other date when he requires their presence. He is directed to decide the issue on or before 31.03.2022 and till then the further proceedings on the notice shall remain stayed. 10. Petition stands disposed of with above-said observations. 11. Since the main case has been decide ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
