DCIT, Central Circle 1(1), Chennai vs. Vellore Institute of Technology, Vellore
Appeals of the Revenue are dismissed whereas that of assessee are partly allowed
ITA 2220/CHNY/2017[2006-07]Status: DisposedITAT Chennai14 Nov 2018AY 2006-07
Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]
For Appellant: Shri. A. Mahesh, C.A
Section 11Section 12ASection 13(1)Section 132Section 153A
…s or specified persons, Section 13(1) (c) of the Act could not be applied. Reliance was also placed on the judgment of Hon’ble Delhi High Court in the case of Council for the Indian School Certificate Examinations vs. Director General of Income Tax, (2014) 364 ITR 508 and that of Hon’ble Gujarat High Court in the case of Surat City Gymkhana vs. DCIT, (2002) 254 ITR 733. 30. Viz-a-viz, the allegations of specific violations coming within the ambit of Section 13(1) (c) of the Act, ld. Authorised Representative submitted that the first one related to acquisition of a property by the assessee from Smt. B. Raman…