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2 results for “charitable trust”+ Section 167Bclear

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Key Topics

Section 167B6Section 106Section 1545Section 1432Section 12A2

M/S AKME HARMONY APARTMENTS OWNERS WELFARE ASSOCIATION ,BANGALORE vs. INCOME TAX OFFICER WARD-4(2)(4), BANGALORE

In the result, the appeal filed by the assessee is allowed

ITA 993/BANG/2018[2013-14]Status: DisposedITAT Bangalore30 Jun 2022AY 2013-14

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2013-14

For Appellant: N O N EFor Respondent: Smt. D.D. Shamala, D.R
Section 143Section 143(3)Section 154Section 167BSection 234

Trust or Institution on the following two reasons:- 1. Section 167B of the Act specifically excludes companies and societies registered under Societies Registration Act, 1980 or any other similar legislation. 2. The different rate as prescribed in section 167B of the Act are based upon knowledge and determined of share of individual members. 6. As far as charitable

GRAMA VIDYODAYA SANGHA (REGD),MYSURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CPC, BANGALORE

In the result, the appeal filed by the assessee is allowed

ITA 345/BANG/2022[2018-19]Status: DisposedITAT Bangalore06 Sept 2022AY 2018-19

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2018-19

For Appellant: Shri K. Kotresh, A.RFor Respondent: Shri K.R. Narayana, D.R
Section 10Section 11Section 12ASection 12A(2)Section 143(1)Section 234A

Charitable Trust v. Union of India (1991) 100 CTR (Delhi) 160/(1992) 193 ITR 95(Delhi) Amount claimed non-taxable in the relevant year-Bank of America NT & S.A. v. Dy. CIT (1993) 200 ITR 739 (Bom) Creating tax demand by invoking section 167B