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

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

b) of sub- section (1) of Section 11 is not applied or is not deemed to have been applied to ‘charitable’ or ‘religious purposes’, then assessee can accumulate or set apart for future application, but such accumulated fund is to be applied within five years, as contemplated in sub-clause (a) of sub-section (2) of Section 11. However

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

b) of sub- section (1) of Section 11 is not applied or is not deemed to have been applied to ‘charitable’ or ‘religious purposes’, then assessee can accumulate or set apart for future application, but such accumulated fund is to be applied within five years, as contemplated in sub-clause (a) of sub-section (2) of Section 11. However

ARYA COLLEGE,LUDHIANA, PUNJAB vs. DCIT, EXEMPTIONS CIRCLE 1, CHANDIGARH, CHANDIGARH

In the result, appeal of the assessee is allowed for\nstatistical purposes

Depreciation as per books of accounts of | Rs.12,40,731/-\nthe assessee (Mandatory)\n| TOTAL INCOME | -66,923/-\n4. The CPC, Bangalore has processed the return but made\naddition of Rs.11,39,77,899/- by denying the benefit of\nSection 11 and 12 of the Act. It is pertinent to observe that if\nbenefit of Section

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

GEETA VIDYA MANDIR SIKSHA SAMITI,NARAINGARH vs. ITO, (E), AMBALA

In the result, appeal of the assessee is allowed for statistical purposes

Bench: The Appeal Is Finally Heard Or Disposed Off.

b) Corpus/building fund of Rs 1482500/- paid by 228 students (specified funds). The Hon'ble IT AT allowed the deduction as Corpus donation and further also allowed benefit of section 10(23C)(iiiad) of IT Act, thus not following the judgment relied upon by the assessee simply distinguishing it on the fact that in case referred to by the assessee

ACIT, CHANDIGARH vs. THE PUNJABI UNIVERSITY, PATIALA

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Manoj Kumar Aggarwal

B’ CHANDIGARH BEFORE SHRI RAJPAL YADAV, VICE PRESIDENT AND SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER आयकर अपील सं./ ITA No. 359/CHD/2024 "नधा"रण वष" / Assessment Year: 2017-18 The ACIT, The Punjabi University, Chandigarh. Vs Patiala. "थायी लेखा सं./PAN NO: AAAJT2610D अपीलाथ"/Appellant ""यथ"/Respondent Assessee by : Shri Ankit Jain, CA Revenue by : Smt. Kusum Bansal, CIT DR Date