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
ITA 709/BANG/2018[2010-11]Status: DisposedITAT Bangalore04 Sept 2019AY 2010-11
Bench: Shri N.V Vasudevan, Vice Presidnet & Shri B.R Baskaran
For Appellant: Shri Prashanth G.S, C.AFor Respondent: Shri Pramod Kumar Singh, CIT (DR)
Section 11Section 11(2)(b)Section 11(5)Section 13(1)(c)Section 13(3)Section 132(4)
133 lakhs
Sri G Dayanand
-
570 lakhs
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703 lakhs
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Under the provisions of sec.13(1)(c) of the Act, if any part of income of the charitable trust enures or used or applied for the benefit of the persons specified in sec.13(3) of the Act, then the provisions of sec.11 shall not apply to such income. The AO noticed