Dnyaneshwar Maharaj Sansthan Alandi Dewachi vs. ITO (Bombay High Court)

Court: Bombay High Court
Head Notes:

Even 143(1) assessment cannot be reopened for conducting fishing enquiry or merely on suspicion. Where trust is a religious institution which receives offerings from devotees to their deity of faith in cash or otherwise, mere fact that there are cash deposits cannot mean that there is any reason to believe that income has escaped assessment, especially when accounts of trust are audited.

Section(s): 147, 148, 11, 12A (Income Tax Act)
Counsel(s): Mihir Naniwadekar, Rohan Deshpande, Suresh Kumar
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Uploaded By Karan Turalkar
Date of upload: March 23, 2024

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