DCIT, C-1 (E), CHANDIGARH vs. M/S SHRI AUROBINDO SOCIO ECONOMIC & MANAGEMENT RESEARCH INSTITUTE, LUDHINA

In the result, whereas the assessee's appeal in ITA

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

24)(iia) of the Act. In accordance therewith, on parity of facts in the year under consideration also, Ground No.6 is accepted and exemption on corpus donation of Rs. Six Crores and Rs.26,40,000/- received by the assessee during the year under consideration is directed to be allowed. 17. Ground No. 7 states that

M/S HERITAGE EDUCATIONAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

iia) of clause (24) of section 2, or which is of the nature referred to in ITA Nos 1069 to 1071-chd-2019- M/s Heritage Educational Society, Chandigarh sub-section (4A) of section 11, tax shall be charged on so much of the relevant income as is not exempt under section 11 or section 12, as if the relevant income

M/S HERITAGE EDUCATIONAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

iia) of clause (24) of section 2, or which is of the nature referred to in ITA Nos 1069 to 1071-chd-2019- M/s Heritage Educational Society, Chandigarh sub-section (4A) of section 11, tax shall be charged on so much of the relevant income as is not exempt under section 11 or section 12, as if the relevant income

M/S HERITAGE EDUCATIONAL SOCIETY,CHANDIGARH vs. DCIT, C-1, (E), CHANDIGARH

iia) of clause (24) of section 2, or which is of the nature referred to in ITA Nos 1069 to 1071-chd-2019- M/s Heritage Educational Society, Chandigarh sub-section (4A) of section 11, tax shall be charged on so much of the relevant income as is not exempt under section 11 or section 12, as if the relevant income

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.

section 2(24)((iia) of IT Act and thus coming to conclusion that Gross Receipts are exceeding Rs 1 Crore and hence assessee is not entitled to exemption u/s 10(23C)(iiiad) of the ITAct, particularly when the same was received from Donors with specific recital that same forms part of Corpus and same shall be used for basic

M/S SUPERFINE KNITTERS LTD.,LUDHIANA vs. ACIT, LUDHIANA

Bench: Shri Sanjay Garg & Smt. Annapurna Guptaassessment Year: 2009-10 M/S Superfine Knitters Ltd., Vs. The Acit, 269, Industrial Area-A, Circle-7, Ludhiana. Ludhiana. Pan No. Aadcs4217P

2) CIT vs Ponni Sugars & Chemicals Ltd.& Ors(2008) 306 ITR 392(SC) 3) CIT-1,Kolhapur vs M/s Chaphalkar Brothers,Pune, Civil Appeal No.6513-6514 of 2012 Dt.07-12- 17(Supreme Cour 22. In the facts of the present case we find that though the assessee had placed the copy of the scheme of the Government by virtue of which

DCIT,CIRCLE-I, LUDHIANA, LUDHIANA vs. ADINATH TEXTILES LIMITED, LUDHIANA

In the result both the appeal filed by the Revenue and Cross objection filed by the Assessee are dismissed

Bench: the appeal is finally heard or disposed off.

24 of the paper book, which have been duly accounted for/audited in the books of account of the company and also profit arising out of these transactions have been duly disclosed by the assessee in the Income Tax Return filed for the Asstt. Year 2012-13. All these transactions are through banking channel i.e. RTGS &/or cheques