9911796707
TMI Blog1981 (8) TMI 55X X X X Extracts X X X X X X X X Extracts X X X X ..... April 2, 1962. The trust was duly registered on May 23, 1962, with the Charity Commissioner. The petitioners are entitled to exemption of its income from the properties under s. 11 of the I.T. Act, 1961. The petitioners filed returns for the assessment years 1972-73 and 1973-74, and the assessments were completed by an order dated March 12, 1973, and September 22, 1976, respectively, passed by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessment. In answer to these notices, the petitioners requested respondent No. 1 to furnish the reasons and the material in his possession for reopening the assessment. Respondent No. 1 failed to furnish any grounds in spite of repeated reminders. The petitioners thereafter filed the present petition in this court on February 10, 1979, and it was duly admitted after notice was given to respo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ure of the matter which requires reference at this stage. Shri Khatri pointed out that, in spite of the grant of an interim stay to proceed with the impugned notices under s. 148 of the I.T. Act, 1961, the I.T. authorities served a fresh notice for the assessment year 1973-74 on March 20, 1978. In pursuance of this notice, proceedings were commenced by respondent No. 1 and ultimately it was found ..... X X X X Extracts X X X X X X X X Extracts X X X X
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