“Section 11(5)(ii)”

ITO(E)-1(1), MUMBAI, MUMBAI vs. BHAVITHA FOUNDATION, MUMBAI

In the result, the appeal of the Revenue is dismissed

Bench: Shri Om Prakash Kant () & Shri Raj Kumar Chauhan () Assessment Year: 2021-22

nvestment under the provisions of section 11(5)(iii) and 11(5)(ix) of the Act respectively. In this context, the provisions of section 11(5)(ii) of the Act respectively. In this context, the provisions of section 11(5)(ii) of the Act respectively. In this context, the provisions ... section 11(5)(ii) and 11(5)(ix) of the Act is reproduced hereunder: and 11(5)(ix) of the Act is reproduced hereunder: "Income from property held for charitable or religious purpos "Income from property held for charitable or religious purpos "Income from property held for charitable or religious

INTERNATIONAL COPPER ASSOCIATION INDIA ,MUMBAI vs. ITO (EXEMP)- II (1) , MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Pavan Kumar Gadale, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

required to make deposit/investment of its funds in the forms or modes of investment/deposit specified in Section 11(5) of the Act. Section 11(5)(ii) of the Act inter alia permits deposit in any account with a scheduled bank. g) The appellant having registration under Section 12AA ... made deposit of its funds in terms of Section 11(5)(ii) of the Act with the HDFC Bank Limited which is a scheduled bank. It has earned interest income on the bank fixed deposits which has been applied under Section 11(1) of the Act and/or accumulated/set- apart under

INTERNATIONAL COPPER ASSOCIATION INDIA,MUMBAI vs. ITO (EXEMP)- II (1), MUMBAI

In the result, appeal filed by the assessee is allowed

Bench: Shri Pavan Kumar Gadale, Hon'Ble & Shri S. Rifaur Rahman, Hon'Ble

required to make deposit/investment of its funds in the forms or modes of investment/deposit specified in Section 11(5) of the Act. Section 11(5)(ii) of the Act inter alia permits deposit in any account with a scheduled bank. g) The appellant having registration under Section 12AA ... made deposit of its funds in terms of Section 11(5)(ii) of the Act with the HDFC Bank Limited which is a scheduled bank. It has earned interest income on the bank fixed deposits which has been applied under Section 11(1) of the Act and/or accumulated/set- apart under

M/S BOARD OF EXAMINATION FOR SEAFARERS TRUST,MUMBAI vs. LD ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 5(3), MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyal

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “B”, MUMBAI BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER AND SHRI GAGAN GOYAL

M/S BOARD OF EXAMINATION FOR SEAFARERS TRUST,MUMBAI vs. LD ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 5(3), MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyal

IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “B”, MUMBAI BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER AND SHRI GAGAN GOYAL