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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Stay petition - exemption u/s 12A(a) - assessed market rent for ...


Petitioner Challenges Denial of Stay on Section 12A(a) Exemption for Market Rent Assessment of Long-Term Leased Properties.

April 12, 2019

Case Laws     Income Tax     HC

Stay petition - exemption u/s 12A(a) - assessed market rent for the properties let out - Prima facie case has been made out by the petitioner since the Associate Companies who are their tenants from the date when the petitioner obtained exemption from payment of income tax u/s 12A(a) right from the year 1973 onwards - AO has committed an error in not exercised his discretion for the grant of stay

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