ASSISTANT COMMISSIONER OF INCOME TAX, BENGALURU vs. CMR JNANADHARA TRUST, BENGALURU

In the result, the appeal filed by the revenue is hereby dismissed

Bench: Shri George George K & Shri Waseem Ahmed

1)(c) of the Act. The relevant observations of the learned CIT(A)/NFAC are as follows: 8.1 Benefit under section 11 of the Act cannot be withdrawn for entire transaction: 4. Section 11 of the Income-Tax Act. 1961 (the Act) excludes from the income of charitable or religious trusts

ASSISTANT COMMISSIONER OF INCOME TAX, BENGALURU vs. CMR JNANADHARA TRUST, BENGALURU

In the result, the appeal filed by the revenue is hereby dismissed

Bench: Shri George George K & Shri Waseem Ahmed

1)(c) of the Act. The relevant observations of the learned CIT(A)/NFAC are as follows: 8.1 Benefit under section 11 of the Act cannot be withdrawn for entire transaction: 4. Section 11 of the Income-Tax Act. 1961 (the Act) excludes from the income of charitable or religious trusts

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

In the result, the appeal of the assessee in ITA No

charitable or\nreligious purposes by the trust balance of Rs.55,000 if invested as laid\ndown by sub-section (2) of section 11 will also get excluded from the tax net. But\nfor such investment and if section 11(1

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

In the result, the appeal of the assessee in ITA No

charitable or\nreligious purposes by the trust balance of Rs.55,000 if invested as laid down\nby sub-section (2) of section 11 will also get excluded from the tax net. But\nfor such investment and if section 11(1

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

In the result, the appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

1)(a) allows a charitable trust to claim an exemption if at least 85% of its income is applied for charitable or religious purposes. However, the benefit of application is available only if the recipient entity is a registered charitable trust under Section 12A, as clarified in Explanation 2 to section 11

SRI SRINIVASA TRUST,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), BANGALORE

In the result, the appeal of the assessee is hereby allowed

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

1)(a) allows a charitable trust to claim an exemption if at least 85% of its income is applied for charitable or religious purposes. However, the benefit of application is available only if the recipient entity is a registered charitable trust under Section 12A, as clarified in Explanation 2 to section 11

DCIT, BANGALORE vs. M/S B S & G FOUNDATION,, BANGALORE

In the result, Revenue’s appeal for asst

Bench: Shri Sunil Kumar Yadav & Shri Jason P Boazthe Dy. Commissioner Of Income-Tax (Exemptions), Bengaluru. . Appellant Vs. M/S B S & G Foundation, 502, 2Nd Floor, 5Th ‘C’ Main, 5Th Cross, 2Nd Block, Hrbr Layout, Kalyannagar, Bangalore. . Respondent Pan – Aaatb6131D. Appellant By : Smt. Padmameenakshhi, Jcit Respondent By : Shri R.T Balasubramanyam, C.A Date Of Hearing : 28-9-2017 Date Of Pronouncement : 4-10-2017 O R D E R

charitable/ religious trust or institution on the value of assets which has already been allowed ITA No.884/B/16 7 as application of income u/s 11(1) by inserting sub- section

SHRI HINGULAMBIKA EDUCATION SOCIETY,GULBARGA vs. ITO (EXEMPTIONS), WARD-1, KALBURGI

In the result, appeal of the assessee is allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2020-21

1 of Section 12 A, Sub-section 2 of section 12 A extends benefit even when application for registration of Trust or Institution has been made on or after first day of June 2007. It would however be in relation to the income of the Trust or the Institution from the assessment year immediately following the financial year in which

ABHERAJ BALDOTA FOUNDATION ,HOSPET vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , BELLARY

In the result, both the appeals of the assessee are dismissed

Bench: Shri B.R Baskaran & Smt. Beena Pillai

trust. Thus, income from voluntary contributions are deemed as income specified under section 11 (1)(a), (b) and (c) of the Act. The intention of the legislature, as could be seen from a reading of section 11 of the Act, is to allow a charitable

M/S. RUKMINI EDUCATIONAL CHARITABLE TRUST,BENGALURU vs. PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL , BENGALURU

11 of the Act has committed\nspecified violations as defined in clauses (a) and (b) of Explanation to sub-section (4) of section\n12AB r.w.s 143(3) of the Act for the AY 2022-23.\n7.3 As per the provisions of section 143(3), the Assessing Officer is required to send a reference to\nthe Principal Commissioner

M/S. RUKMINI EDUCATIONAL CHARITABLE TRUST ,BENGALURU vs. PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL , BANGALORE

11 of the Act has committed\nspecified violations as defined in clauses (a) and (b) of Explanation to sub-section (4) of section\n12AB r.w.s 143(3) of the Act for the AY 2022-23.\n7.3 As per the provisions of section 143(3), the Assessing Officer is required to send a reference to\nthe Principal Commissioner

CHITRADURGA ZILLA REDDY JANA SANGH(R),CHITRADURGA vs. INCOME TAX OFFICER, WARD-1 EXEMPTION, HUBLI

In the result the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2017-18

charitable and religious purposes in the subsequent year in which adjustment has been made having regard to the benevolent provisions contained in the section 11 of the Act and that such Chitradurga Zilla Reddy Jana Sangha (R), Chitradurga Page 12 of 13 adjustment will have to be excluded from the income of the trust under section 11(1

M/S. VIJAYANAGAR EDUCATIONAL TRUST,BENGALURU vs. THE COMMISSIONER OF INCOME TAX (EXEMPTION), BENGALURU

In the result appeal of the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Soundararajan K.Assessment Year: 2019-20

Charitable Trust, 103 taxmann.com 419 and also the decision of the Chennai Bench of the Tribunal in the case of Shanmugham Trust [2024] 165 taxmann.com 669. ITA No.2006 /Bang/2019 Page 19 of 37 11. With respect to the violation of the provisions of section 13(1

KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, EXEMPTIONS, CIRCLE-1, BANGALORE

In the result, the grounds raised by the assessee in both the appeals\nare allowed except the limitation ground

trust for the\npurposes of section 11(1). In such circumstances, we do not think that this\naddition is to be sustained. Even otherwise, there is no loss to the revenue\nif the said service charges were included in the financial year in which the\nsale deed was executed by the assessee. We, therefore accepted the ground\nraised

M/S. NORTH WESTERN KARNATAKA ROAD TRANSPORT CORPORATION,HUBLI vs. JOINT COMMISSIONER OF INCOME TAX (EXEMPTION), HUBLI

In the result, the assessee's appeals for Assessment Years 2006-07 &

Bench: Shri Jason P Boaz & Shri Lalit Kumar

charitable purposes under Section 11(1)(a) of the Act is to be allowed at 15% of gross receipts or net receipts i.e. gross receipts less revenue expenditure. We find that the issue in question was recently considered and adjudicated by a co-ordinate bench of this Tribunal in the case of DCIT Vs. Podar Educaiton and Sports Trust

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

In the result, appeal filed by the assessee is allowed

Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessmentyear:2016-17

1), from the first of the assessment year for which it was provisionally registered: Karnataka Chinmaya Seva Trust, Bangalore Page 16 of 25 Provided further that where registration has been granted to the trust or institution under section 12AA or section 12AB ], then, the provisions of sections 11 and 12 shall apply in respect of any income derived from property

KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD,BANGALORE vs. DEPUTY COMMISSIONER INCOME TAX, EXEMPTIONS, CIRCLE-1, , BANGALORE

In the result, the grounds raised by the assessee in both the appeals\nare allowed except the limitation ground

trust for the\npurposes of section 11(1). In such circumstances, we do not think that this\naddition is to be sustained. Even otherwise, there is no loss to the revenue\nif the said service charges were included in the financial year in which the\nsale deed was executed by the assessee. We, therefore accepted the ground\nraised

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 Trust in 662/Bang/2015, order dated 14/08/2015, Capuchin Friar Services of Society [ITA No.367/Bang/2015], St.Charles Medical Society Nirmal Hospital [ITA No.364/Bang/2015] and Mary Immaculate Society [ITA No.240 & 241 /Bang /2015] which has held that the accumulation of 15% under section 11[1

M/S. ISLAMIC ACADEMY OF EDUCATION,MANGALORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX(CENTRAL), BANGALORE

In the result, appeal filed by the assessee is partly\nallowed

1) of section 12/1/4, as the case may be, and\nsubsequently:-\n(a) the Principal Commissioner or Commissioner has\nnoticed occurrence of one or more specified violations\nduring any previous year; or\n(b) the Principal Commissioner or Commissioner has\nreceived a reference from the Assessing Officer under the\nsecond proviso to sub-section (3) of section