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Director Of Income Tax Bangalore . vs Ai-Ameen Charitable Fund Trust on 12 August, 2016

14. The aforesaid amendment is effective from 01.04.2015 and therefore will not help Revenue in the circumstances of case in hand. We find that even this aspect has been considered by Karnataka High Court in Director of Income Tax and others Vs. Al-Ameen Charitable Fund Trust and others (supra) and following Commissioner of Income-Tax Vs. Vatika Township P. Ltd. 2014 (367) ITR 466 (SC) Court has held that the aforesaid amendment is prospective and operative from 01.04.2015.
Supreme Court - Daily Orders Cites 0 - Cited by 11 - Full Document

Escorts Limited And Anr. Etc. Etc vs Union Of India And Ors on 22 October, 1992

16. To be fair enough for learned counsel for Revenue, we may notice that there is a divergent view expressed by Kerala High Court in Lissie Medical Institutions Vs. Commissioner of Income Tax 2012 (348) ITR 344 (Ker) wherein it has placed reliance on Supreme Court's judgment in Escorts Limited and others Vs. Union of India and other (supra) but we have already discussed that the judgment in Escorts Limited and others (supra) was in respect of different provision while scheme of Section 11 is/was different till 01.04.2015. We, therefore, find ourselves unable to agree with the view taken by Kerala High Court and respectfully differ therefrom.
Supreme Court of India Cites 40 - Cited by 484 - Full Document

The Commissioner Of Income Tax- Ii, ... vs M/S Jawaharlal Nehru Port Trust on 4 March, 2016

Supreme Court - Daily Orders Cites 0 - Cited by 8 - Full Document
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