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15 results for “charitable trust”+ Section 273Bclear

Sorted by relevance

Karnataka21Bangalore15Chennai10Mumbai4Hyderabad4Jodhpur3Kolkata3Jaipur2Raipur1Cuttack1Kerala1Nagpur1Ahmedabad1

Key Topics

Section 271(1)(c)45Section 1127Section 12A18Penalty15Exemption14Charitable Trust11Section 272A(2)(e)10Addition to Income10Section 143(1)

GURU KRIPA RURAL DEVELOPMENT EDUCATIONAL AND RESEARCH TRUST ,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX RANGE EXEMPTIONS , BANGALORE

In the result, all the three appeals filed by the assessee are allowed

ITA 401/BANG/2019[2015-16]Status: DisposedITAT Bangalore05 Jul 2019AY 2015-16

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

For Appellant: Shri R. Ramamurthy, AdvocateFor Respondent: Dr. P.V. Pradeep Kumar, Addl. CIT (DR)
Section 139Section 272A(2)(e)Section 273B

section 273B is applicable and hence, penalty should be deleted. Reliance was placed on the Tribunal order rendered in the case of Shree Vasupujya Swami Shwetamber Jain Sangh Vs. JCIT in ITA Nos. 818 to 821/Bang/2018 dated 20.07.2018, copy of the Tribunal ITA Nos. 399 to 401/Bang/2019 Page 4 of 8 order was submitted and our attention was drawn

GURU KRIPA RURAL DEVELOPMENT EDUCATIONAL AND RESEARCH TRUST ,UDUPI vs. JOINT COMMISSIONER OF INCOME TAX RANGE EXEMPTIONS , HUBLI

9
Section 143(3)9
Business Income9
Section 1397

In the result, all the three appeals filed by the assessee are allowed

ITA 399/BANG/2019[2013-14]Status: DisposedITAT Bangalore05 Jul 2019AY 2013-14

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

For Appellant: Shri R. Ramamurthy, AdvocateFor Respondent: Dr. P.V. Pradeep Kumar, Addl. CIT (DR)
Section 139Section 272A(2)(e)Section 273B

section 273B is applicable and hence, penalty should be deleted. Reliance was placed on the Tribunal order rendered in the case of Shree Vasupujya Swami Shwetamber Jain Sangh Vs. JCIT in ITA Nos. 818 to 821/Bang/2018 dated 20.07.2018, copy of the Tribunal ITA Nos. 399 to 401/Bang/2019 Page 4 of 8 order was submitted and our attention was drawn

GURU KRIPA RURAL DEVELOPMENT EDUCATIONAL AND RESEARCH TRUST ,UDUPI vs. JOINT COMMISSIONER OF INCOME TAX RANGE EXEMPTIONS , HUBLI

In the result, all the three appeals filed by the assessee are allowed

ITA 400/BANG/2019[2014-15]Status: DisposedITAT Bangalore05 Jul 2019AY 2014-15

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

For Appellant: Shri R. Ramamurthy, AdvocateFor Respondent: Dr. P.V. Pradeep Kumar, Addl. CIT (DR)
Section 139Section 272A(2)(e)Section 273B

section 273B is applicable and hence, penalty should be deleted. Reliance was placed on the Tribunal order rendered in the case of Shree Vasupujya Swami Shwetamber Jain Sangh Vs. JCIT in ITA Nos. 818 to 821/Bang/2018 dated 20.07.2018, copy of the Tribunal ITA Nos. 399 to 401/Bang/2019 Page 4 of 8 order was submitted and our attention was drawn

AKASH EDUCATION & DEVELOPMENT TRUST,BENGALURU vs. ADDITIONAL COMMISSIONER OF INCOME TAX, CENTRAL RANGE-2, BANGALORE

In the result, the appeal of the assessee is allowed

ITA 737/BANG/2021[2016-17]Status: DisposedITAT Bangalore18 Apr 2022AY 2016-17

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2016-17

For Appellant: Shri Rajeev Nulvi, ARFor Respondent: Shri Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru
Section 269SSection 271DSection 271D(2)Section 273B

273B of the Income Tax Act, 1961. 5. On the fact and circumstances of the case, under the provision of the law, and under the judicial precedence, the Commissioner of Income Tax (Appeals) erred in upholding the penalty levied u/s 271D(2) of the Income Tax Act, 1961 as the loan is received from the trustee to the trust

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 744/BANG/2025[2013-14]Status: DisposedITAT Bangalore25 Jun 2025AY 2013-14

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

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 745/BANG/2025[2013-14]Status: DisposedITAT Bangalore25 Jun 2025AY 2013-14

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

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 746/BANG/2025[2016-17]Status: DisposedITAT Bangalore25 Jun 2025AY 2016-17

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

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 740/BANG/2025[2011-12]Status: DisposedITAT Bangalore25 Jun 2025AY 2011-12

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

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 741/BANG/2025[2011-12]Status: DisposedITAT Bangalore25 Jun 2025AY 2011-12

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

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 742/BANG/2025[2012-13]Status: DisposedITAT Bangalore25 Jun 2025AY 2012-13

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

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

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 743/BANG/2025[2012-13]Status: DisposedITAT Bangalore25 Jun 2025AY 2012-13

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

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 747/BANG/2025[2016-17]Status: DisposedITAT Bangalore25 Jun 2025AY 2016-17

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

M/S ROTARY CHARITABLE TRUST ,DAKSHINA KANNADA vs. JOINT COMMISSIONER OF INCOME TAX (E) RANGE, HUBLI

In the result, the appeals of the assessee are allowed

ITA 2613/BANG/2018[2013-14]Status: DisposedITAT Bangalore12 Jul 2019AY 2013-14

Bench: Shri N.V. Vasudevan & Shri Jason P Boaz

For Appellant: Shri Narendra Sharma, AdvocateFor Respondent: Shri Vikas Suryavamshi, Addl.CIT(DR)
Section 10Section 139Section 2Section 272Section 272A(2)(e)Section 273B

trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes, or of income being voluntary contributions referred to in sub- clause (iia) of clause (24) of section 2, shall, if the total income in respect of which he is assessable as a representative assessee (the total income for this purpose being computed

M/S ROTARY CHARITABLE TRUST ,DAKSHINA KANNADA vs. JOINT COMMISSIONER OF INCOME TAX (E) RANGE, HUBLI

In the result, the appeals of the assessee are allowed

ITA 2614/BANG/2018[2014-15]Status: DisposedITAT Bangalore12 Jul 2019AY 2014-15

Bench: Shri N.V. Vasudevan & Shri Jason P Boaz

For Appellant: Shri Narendra Sharma, AdvocateFor Respondent: Shri Vikas Suryavamshi, Addl.CIT(DR)
Section 10Section 139Section 2Section 272Section 272A(2)(e)Section 273B

trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes, or of income being voluntary contributions referred to in sub- clause (iia) of clause (24) of section 2, shall, if the total income in respect of which he is assessable as a representative assessee (the total income for this purpose being computed