Setback for St. John The Baptist Church: Kerala HC refuses to intervene in proceeding initiated under Section 148 of Income Tax Act [Read Order]
The court refused to intervene with the proceedings initiated to ascertain whether the unaccounted transactions would merit exemption under section 12AA of Income Tax Act
By Amal Michael - On February 21, 2024 9:30 am - 2 mins read
A division bench of the Kerala High Court has held that the exemption under Section 11 read with Section 12AA of the Income Tax Act is one that is subject to certain conditions, and the question to be decided in the proceedings under Section 148 of the Income Tax Act is essentially as to whether…
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