Tribunal held that income of assessee which was paid to Government as per bye-laws of assessee-society, was not taxable, even though assessee was not registered under S.12AA nor its income was exempt under any of provisions of Act. High court up held the order of the Tribunal. Followed PCIT v. H.P. Excise & Taxation Technical Service Agency ITA No. 85 of 2018 dt. 17-12-2018) (HP)(HC ) (AY. 2012-13)
PCIT v. H. P. Excise And Taxation Technical Service Agency. (2020) 113 taxmann.com 86 / 269 Taxman 21 (HP)(HC) Editorial : SLP of revenue is dismissed ; PCIT v. H. P. Excise And Taxation Technical Service Agency. (2020) 269 Taxman 20 (SC)
S. 4 : Charge of income-tax–Amount paid to Government as per bye-laws of assessee-society–Held to be not taxable, even though assessee was not registered under section 12AA nor its income was exempt under any of provisions of Act. [S. 12AA]