Assessee, a political party, claimed exemption under section 13A.\u00a0 Assessing Officer disallowed assessee\u2019s claim for exemption under section 13A and raised demand. During pendency of matter, several demands were made during month of March, 2024, therefore, assessee sought for an urgent hearing of application.\u00a0 Revenue submitted that issues which arose in these appeals were yet to be adjudicated upon but having regard to impending elections, revenue did not wish to precipitate matter inasmuch as no coercive steps shall be taken with regard to total demand of Rs. 3,500 crores approximately.\u00a0 Revenue\u00a0 also submitted that a date may be notified for hearing these appeals in second week of July, 2024 and till then, assessee herein could have no apprehension regarding any coercive step being taken with regard to aforesaid demand.In view of submission by way of a concession made by revenue, no coercive action of any nature shall be taken against assessee till next date of hearing on 24-7-2024. \u00a0(AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 13A : Political parties-Denial of exemption-Stay-Pendency of matter before Supreme court-Concession made by Revenue, no coercive action of any nature shall be taken against assessee till next date of hearing on 24-7-2024 [S. 11, Art. 136] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-46570","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-c78","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=46570"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46570\/revisions"}],"predecessor-version":[{"id":46571,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46570\/revisions\/46571"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}