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2 results for “charitable trust”+ Deemed Dividendclear

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Key Topics

Section 12A6Charitable Trust2Exemption2

LANGAR COMMITTEE HANUMAN MANDIR,MALERKOTLA vs. INCOME TAX OFFICER, (EXAMPTION),, JALANDHAR

In the result, the assessee’s appeal is disposed on the aforesaid terms

ITA 516/ASR/2017[2014-15]Status: DisposedITAT Amritsar15 Mar 2018AY 2014-15

Bench: Sh. Sanjay Arora & Sh. N.K.Choudhryi.T.A No. 516/(Asr)/2017 Assessment Year: 2014-15

For Appellant: Sh. Subhash Jain & Kartik Jain (C As)For Respondent: Sh. S.S. Negi (DR)
Section 10Section 143(3)Section 2(24)(iia)

dividend; (iia) voluntary contributions received by a trust created wholly or partly for charitable or religious purposes or by an institution established wholly or partly for such purposes or by an association or institution referred to in clause (21) or clause (23), or by a fund or trust or institution referred to in sub-clause (iv) or sub clause

M/S MANAGING COMMITTEE SWAMI PREMANAND MAHAVIDALYA,HOSHIARPUR vs. COMMISSIONER OF INCOME TAX (EXEMPTION),, CHANDIGARH

ITA 476/ASR/2017[0]Status: DisposedITAT Amritsar16 Aug 2021

Bench: Shri Laliet Kumar & Dr. Mitha Lal Meena

Section 11Section 12Section 12A

dividends, profits, bonus or in any manner to the present or past members of the Managing committee or any person claiming through them. No members shall be any personal claim on the personal properties of the society ormake anyprofit by virtue of his membership. The Ld. CIT(E) rejected registration u/s 12AA by observing as under: I.T.A No.476/Asr/2017 3. With