Income Tax v. Institute of Banking Personnel Selection (IBPS)

131 Taxmann 386High Court2003#498 most cited

What is Income Tax v. Institute of Banking Personnel Selection (IBPS) authority for?

The Income Tax Act, 1961, does not permit the carry forward of excess expenditure of a charitable trust to be set off against future surpluses, as such trusts are governed by a self-contained code under Sections 11 to 13, not the head 'Profits and Gains of Business'. However, depreciation on fixed assets is allowable to a charitable institution registered under section 12A.

188

judgments rely on this decision, according to BharatTax’s citation analysis of 367,154 Indian tax judgments — from 2016 to 2026.

Also referred to as

CIT v Institute of Banking Personnel Selection · IBPS · 131 Taxmann 386 · charitable trust · carry forward of deficit · carry forward of losses · section 11 to 13 · profits and gains of business · depreciation · section 12A · charitable institution

Sections most often in play

Section 11Section 12Section 12ASection 13(8)Section 143(3)Section 144BSection 147Section 153(3)

Issues it is cited on

section 164(2)section 11(6)section 11(1)(a)section 164corpus donationsection 11(1)accumulation of incomemaximum marginal rateapplication of incomesection 16section 32(1)section 10(23c)

Judgments citing Income Tax v. Institute of Banking Personnel Selection (IBPS)

Commissioner of Income Tax vs. M/S Manipal Academy of Higher Education

ITA/92/2016HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 14Section 15Section 260Section 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.92 OF 2016 BETWEEN: 1. COMMISSIONER OF INCOME TAX (EXEMPTIONS) MANGALORE. 2. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 1 UDUPI. …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S MANIPAL ACADEMY OF HIGHER EDUCATION UNIVERSITY BUILDING, MADAV NAGAR, MANIPAL, PAN:AAAJMOO78Q …RESPONDENT (BY SRI.S.PARTHASARATHI & SMT.SHEETAL BORKAR, ADVS.) ***** THIS INCOME…

Pr Commissioner of vs. M/S Yenepoya University

ITA/547/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.547 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX (EXEMPTIONS) BENGALURU 2. THE ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE-1 MANGALURU …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S YENEPOYA UNIVERSITY YMDC CAMPUS DERALKATTE, MANGALURU PAN: AAATY1645F …RESPONDENT (BY MR.S.PARTHASARATHI & SMT.SHEETAL BORKAR, ADVS.) Date of J…

Pr Commissioner of Income Tax vs. Smt Kamala

ITA/880/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 268ASection 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.880 OF 2017 BETWEEN: 1. PR COMMISSIONER OF INCOME TAX (EXEMPTIONS) MISSION ROAD, BENGALURU 2. THE INCOME -TAX OFFICER (EXEMPTIONS), WARD-3, BENGALURU …APPELLANTS (BY MR.E.I.SANMATHI, ADV.) AND: SMT KAMALA AND SRI VENKAPPA M AGADI CHARITABLE TRUST 645, KRISHNA 3RD BLOCK, 4TH CROSS, 17TH MAIN KORAMANGALA BENGALURU-560 034 PAN:AACTS 2907 G. …RESPONDENT (B…

Pr. Commissioner of Income Tax vs. M/S. Medical Relief Society of South Kanara

ITA/535/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.535 OF 2017 BETWEEN: 1. PR COMMISSIONER OF INCOME TAX (EXEMPTIONS) BENGALURU 2. THE INCOME TAX OFFICER (EXEMPTIONS) WARD-1 MANGALURU …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S. MEDICAL RELIEF SOCIETY OF SOUTH KANARA MADHAV NAGAR MANIPAL PAN: AAAAM 2004 P …RESPONDENT (BY MR.S PARTHASARATHI & SMT.SHEETAL BORKAR, ADVS.) Date of Judgment 14-08-20…

Pr. Commissioner of Income Tax vs. M/S. G. M. Education Trust

ITA/1046/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 268ASection 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.1046 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX MISSION ROAD BANGALORE 2. THE DY COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE-1 BANGALORE …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S. G. M. EDUCATION TRUST NO.98, SAMRUDDHI 3RD MAIN 8TH CROSS, BHBCS CHANDRA LAYOUT BANGALORE-40 PAN: AAATG 7892Q …RESPONDENT Date of Judgment 14-08-2018 I.T.…

Pr. Commissioner of Income Tax vs. Islamic Academy of General Education

ITA/963/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.963 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX CENTRAL REVENUE BUILDINGS, ATTAVARA, MANGALURU. 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, UDUPI. …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: ISLAMIC ACADEMY OF GENERAL EDUCATION YMDC COMPUS, NITYANANDA NAGAR, DERALKATTE, MANGALURU. PAN:AAATI3176M …RESPONDENT (BY MR.S.PARTHASARATHI & SMT.SHE…

Pr Commissioner of Income Tax vs. M/S Academy of Liberal Education

ITA/553/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 268ASection 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.553 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX CENTRAL REVENUE BUILDINGS ATTAVARA, MANGALURU 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1 (EXEMPTIONS) MANGALURU …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S ACADEMY OF LIBERAL EDUCATION KURUNJI BHAG, SULIA-574327 PAN:AAATA 2239B. …RESPONDENT (BY MR. S PARTHASARATHI & SMT.SHEETAL…

Pr.Commissioner of Income Tax vs. Daughters of St.Mary of Providence Society

ITA/325/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.325 OF 2018 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX, (EXEMPTIONS) MISSION ROAD BANGALORE 2. THE DEPUTY COMMISSIONER OF INCOME-TAX, (EXEMPTION) BANGALORE …APPELLANTS AND: DAUGHTERS OF ST.MARY OF PROVIDENCE SOCIETY NO.4/1, JOHN ARMSTRONG ROAD, RICHARDS TOWN, BANGALORE-560 084. (BY MR.S.PARTHASARATHI & SMT. SHEETAL BORKAR, ADVS.) …RESPONDENT ***** THIS…

Pr.Commissioner of vs. M/S Agastya

ITA/397/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32Section 70

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.397 OF 2018 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX, EXEMPTIONS MISSION ROAD, BANGALORE 2. THE DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION) CIRCLE-1 BANGALORE …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S AGASTYA INTERNATIONAL FOUNDATION H.NO.79.26, 2ND CROSS, RAMAIAH REDDY LAYOUT, BENSON TOWN, OFF NANDI DURGA ROAD, BANGALORE- PAN AAATA3882C …RESP…

Pr Commissioner of Income Tax (E) vs. M/S B S & G Foundation

ITA/229/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.229 OF 2018 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX (E) MISSION ROAD, BANGALORE. 2. THE DY.COMMISSIONER OF (EXEMPTIONS) CIRCLE-1, BENGALURU. …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S B S & G FOUNDATION 502, 2ND FLOOR, 5TH "C" MAIN 5TH CROSS, 2ND BLOCK HRBR LAYOUT, KALYANAGAR BANGALORE. PAN:AAATB6131D …RESPONDENT Date of Judgment 14 -08-2018…

Pr Commissioner of Income Tax vs. Bhagwan Mahaveer

ITA/317/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 268ASection 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.317 OF 2018 BETWEEN: 1. PR COMMISSIONER OF INCOME TAX, EXEMPTIONS MISSION ROAD BANGALORE 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1 BANGALORE …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: BHAGWAN MAHAVEER MEMORIAL JAIN TRUST NO.17, MILLERS ROAD VASANATH NAGAR BENGALURU-560052 PAN:AAATB0895L …RESPONDENT Date of Judgment 14 -08-2018 I.T.A.No.3…

Pr Commissioner of Income Tax vs. Islamic Academy of General Education

ITA/957/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.957 OF 2017 BETWEEN: 1. PR COMMISSIONER OF INCOME TAX CENTRAL REVENUE BUILDINGS, ATTAVARA, MANGALURU. 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, UDUPI. …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: ISLAMIC ACADEMY OF GENERAL EDUCATION YMDC CAMPUS, NITYANANDA NAGAR, DERALKATTE, MANGALURU, PAN: AAATI3176M. …RESPONDENT (BY MR.S.PARTHASARAT…

The Director of Income Tax vs. M/S. Krupanidhi Education

ITA/306/2015HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 28Section 32Section 35(2)(iv)

…1/23 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.306 OF 2015 BETWEEN: THE DIRECTOR OF INCOME TAX (EXEMPTION) C.R.BUILDINGS, QUEENS ROAD BANGALORE – 560 001. …APPELLANT (BY MR.SANMATHI E.I., ADV.) AND: M/S KRUPANIDHI EDUCATION TRUST CHAKKABELANDUR CARMELRAM POST VARTHUR HOBLI OFF. SARJAPUR ROAD BANGALORE – 560 034 PAN:AAATK 1211R. BENGALURU-560009. …RESPONDENT (BY MR.A.SHANKAR & MR.M.LAVA, ADVS.) D…

Pr Commissioner of Income Tax vs. M/S Medical Relief

ITA/531/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.531 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX (EXEMPTIONS) BENGALURU 2. THE INCOME TAX OFFICER (EXEMPTIONS) WARD-1 MANGALURU …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S MEDICAL RELIEF SOCIETY OF SOUTH KANARA MADHAV NAGAR MANIPAL. PAN:AAAAM 2004 P …RESPONDENT (BY MR.S.PARTHASARATHI & SMT.SHEETAL BORKAR, ADVS.) Da…

Commissioner of Income Tax vs. M/S. Academy of Liberal

ITA/346/2015HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.346 OF 2015 BETWEEN: 1. COMMISSIONER OF INCOME TAX MANGALORE 2. THE INCOME TAX OFFICER, WARD 1(3), MANGALORE …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S. ACADEMY OF LIBERAL EDUCATION, KURANJIBAGH, SULLIA-574 327, PAN AAATA 2239B …RESPONDENT (BY SRI.S.PARTHASARATHI & SMT.SHEETAL BORKAR, ADVS.) Date of Judgment 14-08-2018 I.T.A.No.346/2015 Commi…

Pr. Commissioner of Income Tax vs. M/S. Anjuman-E-Islam

ITA/428/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 15Section 260Section 32Section 70

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.428 OF 2018 BETWEEN: 1. PR COMMISSIONER OF INCOME TAX, (EXEMPTIONS) ATTAVARA MANGALORE 2. THE ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE-1 MANGALORE …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S. ANJUMAN-E-ISLAM 2ND FLOOR, ANJUMAN COMPLEX HUBLI-580020 …RESPONDENT THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260…

Pr Commissioner of Income Tax vs. M/S Manipal Hotel &

ITA/555/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 268ASection 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.555 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX (EXEMPTIONS)C.R.BUILDINGS ATTAVARA, MANGALURU 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1 (EXEMPTIONS) MANGALURU …APPELLANTS (BY MR. SANMATHI E I, ADV.) AND: M/S MANIPAL HOTEL & RESTAURANT MANAGEMENT COLLEGE TRUST MANIPAL-576104 PAN: AAATM 2175 J …RESPONDENT (BY MR. S PARTHASARATHI & SMT.SHE…

Pr.Commissioner of Income Tax vs. M/S Dominician Sisters of

ITA/326/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.326 OF 2018 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX, (EXEMPTIONS) MISSION ROAD BANGALORE 2. THE DEPUTY DIRECTOR OF INCOME TAX (EXEMPTION) BANGALORE …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S DOMINICIAN SISTERS OF PRESENTATION DOMINICIAN ASHRAM 80 FEET ROAD INDIRANAGAR BANGALORE-560 038. …RESPONDENT Date of Judgment 14 -08-2018 I.T.A.No.326/2…

Pr Commissioner of Income Tax vs. Islamic Academy of General Education

ITA/958/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

…1/21 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.958 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX CENTRAL REVENUE BUILDINGS, ATTAVARA, MANGALURU. 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, UDUPI. …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: ISLAMIC ACADEMY OF GENERAL EDUCATION YMDC CAMPUS, NITYANANDA NAGAR, DERALKATTE, MANGALURU, PAN: AAATI3176M. …RESPONDENT (BY MR. S PARTHASAR…

Pr. Commissioner of Income Tax vs. M/S. Medical Relief Society of South Kanara

ITA/536/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 32

…1/22 IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14TH DAY OF AUGUST 2018 PRESENT THE HON'BLE Dr.JUSTICE VINEET KOTHARI AND THE HON’BLE Mrs.JUSTICE S.SUJATHA I.T.A.No.536 OF 2017 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX (EXEMPTIONS) BENGALURU 2. THE INCOME TAX OFFICER (EXEMPTIONS) WARD-1 MANGALURU …APPELLANTS (BY MR.SANMATHI E I, ADV.) AND: M/S. MEDICAL RELIEF SOCIETY OF SOUTH KANARA MADHAV NAGAR, MANIPAL, PAN: AAAAM 2004 P …RESPONDENT (BY MR.S.PARTHASARATHI & SMT.SHEETAL BORKAR, ADVS.) Date of Judgment 14 -0…