Reassessment Proceedings Alleging Escapement of Income on transfer of Leasehold Right: Bombay HC sets aside Order as tax already paid [Read Order]

Transfer of Leasehold Right - reassessment - bombay hc - Tax - taxscan

The Bombay High Court set aside the reassessment proceedings alleging escapement of income on the transfer of leasehold rights. Peoples Education Society Thane, the petitioner is a charitable trust registered under the Bombay Public Trust Act, of 1950.  Petitioner has been undertaking educational activities since 1926 in running English and Marathi medium schools and colleges….

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