Balaji Medical & Diagnostic Research Centre - Assessee has withdrawn the appeal as the dispute would be settled under VSV Scheme

Last updated: 11 January 2021
Quick Summary
The Income Tax Appellate Tribunal heard an appeal filed by the Revenue against Balaji Medical & Diagnostic Centre concerning the assessment year 2011-12. The Revenue's grounds for appeal focused on whether the Centre's activities, despite appearing charitable, were commercial in nature and if it still qualified for income tax exemption. However, the appeal was ultimately withdrawn by the assessee as the dispute was settled under the Voluntary Settlement Scheme (VSV).

Court :
ITAT New Delhi

Brief :
This appeal by Revenue is filed against the order of Learned Commissioner of Income Tax (Appeals)-40, Delhi, [“Ld. CIT(A)”, for short], dated 19.06.2017 for Assessment Year 2011-12. Grounds taken in this appeal of Revenue are as under:

Citation :
ITA No:- 5776/Del/2017

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited Judgements Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

 
Comments

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Recent Judgments :

  1. Disparity between seigniorage fee paid and supply value declared in GSTR-1 justifies invocation of extended period of limitation under Section 74 of the CGST Act
  2. Interest on Delayed Payment of GST Arises by Operation of Law and Cannot be Waived by Courts
  3. Supreme Court to examine whether the six-month time limit for issuance of show cause notice under Section 74(2) of the CGST Act is mandatory or directory
  4. Advocates ought to be summoned only in rare and exceptional circumstances
  5. Unsigned Assessment Order in Form GST DRC-07 is Invalid as Absence of the Assessing Officer's Signature is an Incurable Jurisdictional Defect
  6. SC to examine whether an assessee can be relegated to the appellate remedy, when the challenge is to a binding Circular
  7. Mere Expiry of E-Way Bill Without Intent to Evade Tax Cannot Justify 200% Penalty
  8. No GST Levy on Assignment of Leasehold Rights of Industrial Plots as Supreme Court Dismisses Revenue's SLPs
  9. Supreme Court affirms the constitutional validity of Section 16(2)(c) of the CGST Act: No ITC to the recipient unless the supplier actually deposits tax to the Government
  10. No Addition under Income Tax Law on Bogus Purchases, Where Sales Are Accepted and Supplies Are Backed by GST Records and Banking Trail

View More Judgments »


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member ANJANA PALIYATHANJANA PALIYATHPro Member Soumitra PatraSoumitra PatraPro Member Abhishek KabraAbhishek KabraPro Member THUSHAR MURALI KRISHNATHUSHAR MURALI KRISHNAPro Member George InnocentGeorge Innocent
Subscribe to Pro
Join an elite circle of professionals

Browse by Category




Latest Job Openings

View all
Company
31 July 2026
Senior Accountant - Bunia, Democratic Republic of Congo

AD GLOBAL LTD

Mumbai

B.Com

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Follow