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2 results for “charitable trust”+ Section 50C(2)clear

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Key Topics

Section 50C5Section 143(3)4Section 50C(2)2

SATTARBHAI SULEMANBHAI MANSURI,SABARKANTHA vs. THE ITO, WARD-3, HIMATNAGAR

In the result, the appeal is allowed for statistical purposes

ITA 469/AHD/2025[2014-15]Status: HeardITAT Ahmedabad06 May 2025AY 2014-15

Bench: Shri Siddhartha Nautiyal & Shri Makarand V.Mahadeokarasstt.Year : 2014-15 Mr.Sattarbhai Sulemanbhai Mansuri Ito,Ward-3 Anjumarstrit Narth Gulam Floor Factri Vs. Himatnagar. Sarvoday Soc, Polo Ground Himatnagar Sabarkantha 383 001. (Applicant) (Responent) : Shri Varis Isani, Advocate Assessee By : Shri Ravindra, Sr.Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 05/05/2025 घोषणा क" तारीख /Date Of Pronouncement: 06/05/2025 आदेश आदेश/O R D E R आदेश आदेश

For Appellant: Shri Ravindra, Sr.DR
Section 139(1)Section 143(3)Section 148Section 250Section 271(1)(c)Section 50CSection 50C(1)Section 50C(2)

charitable community trust at lesser than market value, we find it appropriate to restore the matter to the file of the Assessing Officer with a specific direction to refer the valuation to the DVO under section 50C(2

AMUL RESEARCH & DEVELOPMENT ASSOCIATION,,ANAND vs. THE INCOME TAX OFFICER, WARD-3,, ANAND

ITA 3295/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad11 Jun 2019AY 2011-12
Section 12ASection 143(3)Section 2(47)Section 48Section 50C

charitable trust duly registered under section 12A of the Income-tax Act, 1961. During the relevant previous year, the assessee sold a piece of land to Gujarat Co-operative Milk Marketing Federation Ltd. The price at which land was sold was Rs.3,600/- per square meter and this price was agreed to in March 2007, as evidenced by board resolution