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2 results for “charitable trust”+ Section 54Fclear

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Chennai11Delhi6Jaipur5Mumbai5Surat2Bangalore2Hyderabad1Kolkata1

Key Topics

Section 548Section 143(3)2Section 54F2Exemption2Deduction2Addition to Income2

ASST.C.I.T., BANGALORE vs. SRI. K.R. KAVIRAJ, HOSPET

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

ITA 362/BANG/2016[2008-09]Status: DisposedITAT Bangalore26 Dec 2017AY 2008-09

Bench: Shri Vijay Pal Rao & Shri Inturi Rama Rao

For Appellant: Shri M. Karunakaran, AdvocateFor Respondent: Shri Pramod Kumar Singh, CIT-II (D.R)
Section 10Section 12ASection 132Section 143(3)

charitable and educational trust established in the year 1992 by Trust Deed Dt.20.5.1992. The assessee was granted a Registration under Section 12A of the Income Tax Act, 1961 (in short 'the Act') vide orderdt.16.9.1992. The assessee was also granted approval under Section 10(23C) of the Act by the Chief Commissioner of Income Tax, Bangalore-I vide order dt.26.3.2009

GOBINDRAM CHANDRAMANI VIVEK,BANGALORE vs. INCOME TAX OFFICER - WARD 1(1), BANGALORE, BANGALORE

In the result, the appeal of the assessee is allowed for statistical purposes, in the manner indicated in this order

ITA 656/BANG/2023[2011-12]Status: DisposedITAT Bangalore13 Sept 2024AY 2011-12

Bench: Mrs. Beena Pillai & Shri Ramit Kochar

For Appellant: Sh. Ashok A Kulkarni, AdvocateFor Respondent: Ms. Neha Sahay, JCIT
Section 139Section 139(1)Section 139(4)Section 143(2)Section 143(3)Section 24Section 54Section 54(2)Section 54F

charitable trust or institutions in commercial parlance after claiming deduction of depreciation expenses on such capital asset as provided u/s 32, is now barred by introduction of Section 11(6) of the 1961 Act by Finance Act , 2014 w.e.f. 01.04.2015, wherein it is stipulated that in respect of any asset, acquisition of which has been claimed as an application