KARNATAKA CHINMAYA SEVA TRUST,BENGALURU vs. DCIT-(EXEMPTIONS) CIRCLE-1, BANGALORE

Bench: Mrs. Beena Pillai & Shri Ramit Kochar

trust, earmarked for such charitable or religious purposes. Such 25 per cent of the income or Rs. 10,000, whichever is higher, will also get exempted from income-tax. That exhausts the operation of section 11(1)(a). Then follows sub-section (2) which naturally deals with the question of investment of the balance of accumulated income which has still

SRI SRINIVASA EDUCATIONAL & CHARITABLE TRUST ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(1), BANGALORE

In the result, all the appeals filed by the revenue and all the cross objections filed by the assessee are dismissed

Bench: Shri N.V Vasudevan, Vice Presidnet & Shri B.R Baskaran

trust, i.e., it was not the intention of the assessee to offer the above said amount as its undisclosed income, which would warrant separate addition. In fact, the question of undisclosed income shall not arise in the facts of the present case. The assessee has also furnished revised computation of income on 14.12.2015 along with a detailed explanation, which

SRI BASAVESHWAR VEERASHAIVA VIDYAVARDHAK SAGHA,BAGALKOT vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE vs. M/S SRI BASAVESHWAR VEERASHAIVA VIDYAVARDHAK SANGHA , BAGALKOTE

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE vs. SRI V C CHARANTIMATH , BAGALKOT

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU vs. M/S. SRI. BASAVESHWAR VEERASHAIVA VIDYAVARDHAK SANGHA, BAGALKOTE

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

SRI BASAVESHWAR VEERSHAIVA VIDYAVARDHAK SANGHA,BAGALKOT vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE vs. SRI.V.C.CHARANTIMATH , BAGALKOT

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE vs. M/S SRI BASAVESHWAR VEERASHAIVA VIDYAVARDHAK SANGHA , BAGALKOTE

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

SRI BASAVESHWAR VEERASHAIVA VIDYAVARDHAK SANGHA,BAGALKOT vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), , BENGALURU

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE vs. M/S SRI BASAVESHWAR VEERASHAIVA VIDYAVARDHAK SANGHA , BAGALKOTE

In the result, the assessee’s appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

addition they have also collected development charges. All fee amounts have been accounted in the books and applied towards charitable objects. On these facts, the Hon'ble Court held that merely because the assessee has collected huge amounts by way of developmental charges, the trust does not cease to be a Charitable Trust. The Trust will be entitled to exemption

M/S GOKULA EDUCATION FOUNDATION MEDICAL ,BANGALORE vs. ADDITIONAL DIRECTOR OF INCOME TAX RANGE-17 , BANGALORE

In the result, appeal of the assessee is partly allowed

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy Sassessment Year : 2011-12

Charitable and Educational Trust in ITA No.1224/Bang/2015 dated 13.7.2016 on a similar issue held as follows:- “12.4 We have considered the rival submissions as well as the relevant material on record. The Assessing Officer has made the addition of this amount as income

M/S GOKULA EDUCATION FOUNDATION ,BANGALORE vs. ADDITIONAL DIRECTOR OF INCOME TAX RANGE-17, BANGALORE

In the result, appeal of the assessee is partly allowed

Bench: Shri George George K. & Shri Padmavathy Sassessment Year: 2011-12

Charitable and Educational Trust in ITA No.1224/Bang/2015 dated 13.7.2016 on a similar issue held as follows:- Page 6 of 30 “12.4 We have considered the rival submissions as well as the relevant material on record. The Assessing Officer has made the addition of this amount as income

DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE vs. M/S.PANCHAJANYA VIDYA PEETA WELFARE TRUST, BANGALORE

In the result, all the appeals of the revenue are dismissed

Bench: Shri Arun Kumar Garodiaand Shri Laliet Kumar

income, reliance is placed on the tribunal order rendered in the case of ITO vs. Sri Sathya Sai Trust, 33 ITD 320. In addition to this, reliance is placed on the following judicial pronouncements in respect of this second issue:- a) CIT vs. Indian national Theatre Trust, 305 ITR 149 (Delhi), b) CIT vs. Ramchandra Poddar charitable

DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE vs. M/S.PANCHAJANYA VIDYA PEETA WELFARE TRUST, BANGALORE

In the result, all the appeals of the revenue are dismissed

Bench: Shri Arun Kumar Garodiaand Shri Laliet Kumar

income, reliance is placed on the tribunal order rendered in the case of ITO vs. Sri Sathya Sai Trust, 33 ITD 320. In addition to this, reliance is placed on the following judicial pronouncements in respect of this second issue:- a) CIT vs. Indian national Theatre Trust, 305 ITR 149 (Delhi), b) CIT vs. Ramchandra Poddar charitable

DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE vs. M/S.PANCHAJANYA VIDYA PEETA WELFARE TRUST, BANGALORE

In the result, all the appeals of the revenue are dismissed

Bench: Shri Arun Kumar Garodiaand Shri Laliet Kumar

income, reliance is placed on the tribunal order rendered in the case of ITO vs. Sri Sathya Sai Trust, 33 ITD 320. In addition to this, reliance is placed on the following judicial pronouncements in respect of this second issue:- a) CIT vs. Indian national Theatre Trust, 305 ITR 149 (Delhi), b) CIT vs. Ramchandra Poddar charitable

DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE vs. M/S.PANCHAJANYA VIDYA PEETA WELFARE TRUST, BANGALORE

In the result, all the appeals of the revenue are dismissed

Bench: Shri Arun Kumar Garodiaand Shri Laliet Kumar

income, reliance is placed on the tribunal order rendered in the case of ITO vs. Sri Sathya Sai Trust, 33 ITD 320. In addition to this, reliance is placed on the following judicial pronouncements in respect of this second issue:- a) CIT vs. Indian national Theatre Trust, 305 ITR 149 (Delhi), b) CIT vs. Ramchandra Poddar charitable

DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE vs. M/S.PANCHAJANYA VIDYA PEETA WELFARE TRUST, BANGALORE

In the result, all the appeals of the revenue are dismissed

Bench: Shri Arun Kumar Garodiaand Shri Laliet Kumar

income, reliance is placed on the tribunal order rendered in the case of ITO vs. Sri Sathya Sai Trust, 33 ITD 320. In addition to this, reliance is placed on the following judicial pronouncements in respect of this second issue:- a) CIT vs. Indian national Theatre Trust, 305 ITR 149 (Delhi), b) CIT vs. Ramchandra Poddar charitable