28 results for “charitable trust”+ Section 40clear
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Bench: Shri.Vijay Pal Rao & Shri Ramit Kochar
40(a)(ia) as well as the income assessable in the hand of the Joint Venture on which the Assessing Officer has not conducted any enquiry. The order passed by the Assessing Officer was found to be erroneous and prejudicial to the interest of the Revenue. Accordingly, the Commissioner issued a show cause notice under section 263 dated 7.10.2015 whereby