M/S. Lord Krishna Charitable Trust, Rohtak vs. CIT, Rohtak
In the result, the appeal of the assessee-trust is allowed
ITA 6799/DEL/2013[]Status: DisposedITAT Delhi06 Jul 2016
Bench: : Shri C.M. Garg & Shri L.P. Sahu
For Appellant: Shri Naveen Gupta, AdvocateFor Respondent: Shri Sanjay Kumar, CIT/DR
Section 12ASection 143(3)
…Pracharini Sabha, 34 SOT 371 (Del.), (iii). Kaushalya Medical Foundation 31 SOT 119 (Mumbai); (iv). Aryan Educational Society, 93 ITD 546 (Del.) (v). O.P. Jindal Global University, 127 ITD 164 (Del.) and (vi). Shri Gian Ganga Covational & Educational Society 143 ITD 297. It was further submitted that the ld. CIT cannot examine the source of unsecured loans in the registration proceedngs. Reliance is placed on the following decisions : (i). Sonipat Hindu Educational and Charitable Society vs. CIT 278 ITR 262 (P&H) (ii). N.N. Desai Charitable Trust vs. CIT, 246 ITR 452 (Guj) and (iii). Kalyanam Karoti vs. CIT, 12…