SARVODAYA MUTUAL BENEFIT TRUST, THELLAR,TIRUVANNAMALAI vs. ITO, VELLORE
In the result, the appeals of the assessee are partly allowed
ITA 1437/CHNY/2016[2009-10]Status: DisposedITAT Chennai24 Jan 2022AY 2009-10
Bench: Shri Mahavir Singhand Shri G. Manjunathaआयकर अपील सं./Ita No.: 1437/Chny/2016 िनधा"रण वष" / Assessment Year: 2009-10 M/S. Sarvodaya Mutual Benefit Vs The Income Tax Officer, Trust, Ward-I(5), No.10, Reddiyar Street, Vellore – 632 001. Thellar Village Post, Tiruvannamalai – 604 406. Pan: Aaets 2748F (अपीलाथ"/Appellant) (""यथ"/Respondent) & आयकर अपील सं./Ita No.: 1438/Chny/2016 िनधा"रण वष" / Assessment Year: 2009-10 M/S. Sarvodaya Mutual Benefit Vs The Income Tax Officer, Trust, Ward-I(5), No.77, Chetpet Road, Vellore – 632 001. Mazhiyur Village, Mazhiyur – 604 502 Vandavasi Taluk. Pan: Aaets 5150R (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri K. Venkatesh Prabhu, Ca ""यथ" क" ओर से/Respondent By : Shri Ar.V. Sreenivasan, Addl. Cit सुनवाई क" तार"ख/Date Of Hearing : 08.12.2021 घोषणा क" तार"ख/Date Of Pronouncement : 24.01.2022 आदेश /O R D E R Per Mahavir Singh, Vp: These Appeals By The Assessees Are Arising Out Of Different Orders Of The Commissioner Of Income Tax (Appeals)-13, Chennai In Ita No.125/Cit(A)-13/2009-10 & 126/Cit(A)-13/2009-10, Vide Orders Dated 23.02.2016 & 29.03.2016. The Assessments Were Framed By The Income Tax Officer, Ward-I(5), Vellore For The Assessment Year 2009-10 Vide Even Dated 26.12.2011 U/S.143(3) Of The Income Tax Act, 1961 (Hereinafter The ‘Act’).
For Appellant: Shri K. Venkatesh Prabhu, CAFor Respondent: Shri AR.V. Sreenivasan, Addl. CIT
Section 143(3)Section 164(1)
charitable institution by the nature of the work carried on by it. Needless to say, it is a nonprofit organization.
6. It is under the overall guidance and policy formulation of ASSEFA that field organizations like SNBFCL, the assesseetrusts and individual SHGs are working. SHGs are working at grassroot level in villages. The assessee- trusts arrange finance to these grassroot
