Search: charitable trust

9 results for “charitable trust”+ Section 271Bclear

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Karnataka21 Hyderabad10 Bangalore9 Mumbai5 Kolkata3 Jaipur3 Rajkot2 Chennai2 Jodhpur1 Cochin1 Nagpur1 Patna1 Raipur1 Delhi1

Key Topics

Section 271(1)(c)45 Section 1127 Section 12A18 Section 143(1)9 Section 143(3)9 Business Income9 Charitable Trust9 Exemption9 Penalty9

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALORE vs. INCOME TAX OFFICER, WARD-1(1), MANGALORE

In the result, all these 9 appeals filed by the assessee are allowed

ITA 739/BANG/2025[2010-11]Status: DisposedITAT Bangalore25 Jun 2025AY 2010-11

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

For Appellant: Shri Ravish Rao, CAFor Respondent: Shri Balusamy N, Jt.CIT(DR)(ITAT), Bengaluru

Section 11Section 12ASection 143(1)Section 143(3)Section 271(1)(c)

charitable activity but carrying on business. Accordingly benefit of section 11 & 12 was denied and the income of the assessee was assessed as business income. As the turnover of the assessee for this year is approximately Rs.7.5 crores, the ld. AO issued a notice for levy of penalty u/s. 271B of the Act. The ld. AO categorically held that