THE SIKH EDUCATIONAL SOCIETY,PATIALA vs. ADDL. CIT, RANGE, PATIALA

Bench: The Ld. Cit(A) Against Assessment Order Dt. 30/03/2013 Which Was Passed By Additional Commissioner Of Income Tax, Patiala Range, Patiala, Punjab Which Order Is Hereinafter Referred To As “Ao’S Order”.

section 11 is computed as under :- Particulars Income 1. Gross receipts 113416023 2. Expenditure- Total expenditure 43285738 70130285 75474465/- Rs. 3,21,88,727/- (Depreciation claimed on building under construction) 3. 85% of Rs. 11,34,16,023/- Rs. 9,64,03,619/- 4. Amount utilized by the Society Rs. 4,32,85,738/- 5. Difference

M/S ASHA TECHNOLOGIES,KALA AMB vs. ITO, SIRMOUR

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

12A) of the Income Tax Act 1961. 15. That on 7th & 8th December 2009, survey u/s 133A of the Income Tax Act 1961 was carried out in the business-cum-office premises of M/s. Asha Technologies, Vill: Johron, Trilokpur Road, Kala Amb (H.P.). During the course of survey operation, a day book pertaining to Asst. Year 2007-08 was found

M/S ASHA TECHNOLOGIES,SIRMOUR vs. ADDL. CIT, SOLAN

In the result, both the above appeals of the Assessee are partly allowed as aforesaid in respect of impugned orders dt

Bench: SHRI. VIKRAM SINGH YADAV (Accountant Member), SHRI. PARESH M. JOSHI (Judicial Member)

12A) of the Income Tax Act 1961. 15. That on 7th & 8th December 2009, survey u/s 133A of the Income Tax Act 1961 was carried out in the business-cum-office premises of M/s. Asha Technologies, Vill: Johron, Trilokpur Road, Kala Amb (H.P.). During the course of survey operation, a day book pertaining to Asst. Year 2007-08 was found

DCIT, C-1 (EXEMPTIONS), CHANDIGARH vs. THE INSTITUTION OF CIVIL ENGINEERS SOCIETY, LUDHIANA

In the result, appeal of the Revenue is dismissed

12A of the Income Tax Act. The\nincome of a charitable Institution has to be determined as\nper Section 11 of the Income Tax Act. A perusal of this\nSection would reveal that this Section has been amended\nfrom time to time, but the basicstructure of this Section\nremains as it is. It provides that income derived from\nproperty held

ACIT, CHANDIGARH vs. THE PUNJABI UNIVERSITY, PATIALA

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwal

depreciation. A.Y.2018-19 4 6. In the present case, when assessee has filed its return of income, it was not having registration under Section 12A

SHAPING CAREERS EDUCATION SOCIETY,PANCHKULA vs. ITO EXEMPTION WARD,, AMBALA

In the result, the appeal is allowed for statistical purposes

Bench: Denying The Exemption By The Cpc.

depreciation the assessee education society has spent more than 85% of the Gross Receipts/Income. 5. The assessee craves leave to add to, alter or amend the above grounds of appeal before the same is heard or disposed off. It is prayed that the exemption claimed in the return of income, be allowed. 3. At the time of hearing

KANDI FRIENDS EDUCATIONAL TRUST,ROPAR vs. DEPUTY COMMISSIONER OF INCOME TAX, CHANDIGARH

In the result, both the appeals are allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

12A(a) of the Income Tax Act, which was granted on 25.01.2001 vide CIT/CHD,TECH 3812A7869. The assessee Trust has filed its return of income on 30.09.2014 and 28.09.2015 declaring ‘nil’ income for assessment year 2014-15 and 2015-16 respectively. The case of the assessee for both the years was selected for scrutiny assessment and notices

KANDI FRIENDS EDUCATIONAL TRUST,ROPAR vs. DEPUTY COMMISSION OF INCOME TAX, CL. 1, EXEMPTION, CHANDIGARH

In the result, both the appeals are allowed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

12A(a) of the Income Tax Act, which was granted on 25.01.2001 vide CIT/CHD,TECH 3812A7869. The assessee Trust has filed its return of income on 30.09.2014 and 28.09.2015 declaring ‘nil’ income for assessment year 2014-15 and 2015-16 respectively. The case of the assessee for both the years was selected for scrutiny assessment and notices