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2 results for “charitable trust”+ Section 40Aclear

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Key Topics

Section 2(22)(e)5Section 12A2

D.C.I.T., CIRCLE-2, GWALIOR vs. M/S PREM MOTORS PVT LTD., GWALIOR

The appeals of the department are dismissed

ITA 327/AGR/2014[2010-11]Status: DisposedITAT Agra16 Nov 2017AY 2010-11
Section 2(22)(e)Section 22Section 40A(2)(b)

Charitable Trust (supra) the AO had incorrectly computed the market rent of the house and had added the difference between the market rent so calculated and rent which was being actually paid. The same result was reached in L. Bansidhar& Sons vs. CIT (1993) 109 CTR (Del) 62 : (1993) 201 ITR 655 (Del) where however it was clarified that

SETH RAMSWAROOP GUPTA SHIKSHA SAMITI,GWALIOR vs. INCOME TAX OFFICER EXEMPTION, GWALIOR

In the result, the appeal is allowed for statistical purposes

ITA 425/AGR/2025[2022-23]Status: DisposedITAT Agra16 Feb 2026
AY 2022-23

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year : 2022-23 Seth Ramswaroop Gupta V Ito (Exemption) Shiksha Samiti Gwalior Raghuvar Dharamshala Naya Bazar, Gwalior- 474 004 Pan : Aanas0190F (Appellant) (Respondent)

Section 12ASection 40A(3)

section 40A(3) of the Act, as this provision is applicable only for the computation of application of income only. Ld. AR has further argued that appellant asssesee was not afforded sufficient opportunity of hearing in compliance of the principles of natural justice. Prayed to allow the appeal. 5. Ld. DR has supported the impugned order. 6. We notice that