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The Rajasthan High Court has held that the department s action of denying the benefit of immunity on the ground that the penalty was initiated under Section 270A of the Income Tax Act for misreporting. ....
A three judge Supreme Court bench comprising of Chief Justice U. U. Lalit, Justice S. Ravindran Bhat and Justice P.S. Narasimha, pronounced a landmark ruling on exemptions claimed by Charitable Institutions under Income Tax Act, 1961 on October 19, 2022. ....