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TMI Blog2024 (1) TMI 615X X X X Extracts X X X X X X X X Extracts X X X X ..... ying the status of the charitable institution within the meaning of that term as defined under Section 2(15) - petitioner claims no recovery and/or adjustment of refund may have been made in excess of 20% of the disputed demand. Yet, much higher amounts have been adjusted - HELD THAT:- While learned counsel for the petitioner initially prayed for stay of recovery for the A.Y.s 2017-18, 2018-19 and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... learned counsel for the revenue and having perused the record, this much is undisputed between the parties that the petitioner is a Development Authority enjoying the status of the charitable institution within the meaning of that term as defined under Section 2(15) of the Income Tax Act, 1961 (hereinafter referred to as the 'Act'). 2. Relying on the recent decision of the Supreme Court ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... various assessment years, deposits had been made by the petitioner and adjustments of refund have been made by the revenue, specifically for the A.Y.s 2013-14, 2015- 16 and 2016-17. 3. In those years, in view of the Office Memorandum dated 31.07.2017, the petitioner claims no recovery and/or adjustment of refund may have been made in excess of 20% of the disputed demand. Yet, much higher amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ghaziabad/10660/2016-17, CIT(A), Meerut/10399/2017-18, CIT(A), Meerut/10337/2018-19, NFAC/2016-17/1020668, NFAC/2016-17/1020669, NFAC/2017-18/10039960 and NFAC/2019-20/10193992 be heard and decided by the Appeal Authority within a period of three months from today. 6. In view of the facts noted above, for the period of three months or disposal of the above described appeals, whichever is earli ..... X X X X Extracts X X X X X X X X Extracts X X X X
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