Bangiya Nimbark Ashram, Howrah vs. ITO, Ward - 46(2), Kolkata
In the result, the appeals of the assessee are allowed
ITA 1982/KOL/2018[2016-17]Status: DisposedITAT Kolkata10 Apr 2019AY 2016-17
Bench: Shri A. T. Varkey, Jm] I.T.A. Nos. 1981 & 1982/Kol/2018 Assessment Years: 2015-16 & 2016-17 Bangiya Nimbark Ashram Vs. Ito, Ward – 46(2), Kolkata [Pan: Aaatb 5114 G] Appellant Respondent
Section 11Section 143(1)Section 164(2)
…cified deities who alone were the beneficiaries. 4. The issue as to whether such trusts are liable to be taxed the maximum marginal rate as prescribed in Section 164 was considered by the Hon’ble Calcutta High Court in the case of CIT Vs Sri Sri Sridhar Jew (184 ITR 323) involving facts which are analogous to the facts of the present case. In the case decided by the Hon’ble Calcutta High Court the AYs involved were 1958-59 to 1972-73 and the dispute related to the method of assessment of the income derived from properties, which were dedicated to a number of deities. The income derived from the properties were a…