DCIT, C-,1 (E), CHANDIGARH vs. M/S PUNJAB MEDICAL FOUNDATION CHARITABLE TRUST, JALANDHAR
In the result, appeal of the Revenue is dismissed
ITA 10/CHANDI/2018[2014-15]Status: DisposedITAT Chandigarh21 Dec 2020AY 2014-15
Bench: S/Shri N.K. Saini, Vice- & Rajpal Yadav, Vice-"नधा"रण वष"/ Asstt.Year: 2014-15 Dcit, Cir.1(Exemption) M/S.Punjab Medical Foundation Chandigarh. Vs. Charitable Trust 63-64, Waryam Nagar Cool Road, Jalandhar Pan : Aaatp 5171 B (Applicant) (Responent) : Shri Sudhir Sehal, Advocate Assessee By Revenue By : Shri Ashok K. Khana, Addl.Cit सुनवाई क" तार"ख/Date Of Hearing : 18/11/2020 घोषणा क" तार"ख /Date Of Pronouncement: 21/12/2020 आदेश/O R D E R
For Respondent: Shri Ashok K. Khana, Addl.CIT
Section 12ASection 13(1)(c)Section 143(2)Section 2(15)
trust cannot be termed as charitable within the meaning of section 2(15) of the IT Act and therefore the surplus of Rs. 2,09,98,893 is to be taxed as income in the capacity of an AOP.
4.8 AO has also held that professional payments of Rs.65,42,155 are covered by provisions of section
