SHRIRAM OWNERSHIP TRUST,CHENNAI vs. DCIT, CHENNAI
In the result, the appeals of the assessee for both
ITA 407/CHNY/2017[2014-15]Status: DisposedITAT Chennai05 May 2017AY 2014-15
Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos. 406 & 407/Mds/2017 "नधा"रण वष" /Assessment Years : 2013-2014 & 2014-2015. Shriram Ownership Trust, Vs. The Deputy Commissioner Of No.4, Shriram House, I Floor, Income Tax, Burkit Road, T. Nagar, Non Corporate Circle 2, Chennai 600 017. Chennai 600 034. [Pan Aagts 2243H] (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri. R. Sivaraman, AdvocateFor Respondent: Shri. Shaji P. Jacob, IRS, Addl. CIT
Section 144ASection 14ASection 160(1)Section 161(1)Section 2(31)Section 56Section 56(1)Section 56(2)Section 56(2)(vii)
charitable trust. Viz-a-viz decision of Co-
ordinate Bench in the case of Pentofour Software Employees Welfare
Foundation (supra), ld. Commissioner of Income Tax (Appeals)
observed that the assessee there was formed as a company under
Section 25 of the Companies Act, 1956 and not comparable to a
private discretionary trust. Nevertheless, he agreed with the
contention
