ITO, CHENNAI vs. TVS SHRIRAM GRWOTH FUND, CHENNAI

In the result, the Appeal of the assessee is partly allowed and the Revenue’s appeals dismissed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

220-2), he also expressed his willingness to modify cl. 7(a) as follows in order to obviate any kind of objection :- "7.(a) The trustee shall during the trust period, have the power at their discretion to admit as beneficiary any institutional investor which agrees to enter into a contribution agreement." and, consequent on the above, to insert

T vs. SHRIRAM GROWTH FUND,CHENNAIVS.ITO, CHENNAI

In the result, the Appeal of the assessee is partly allowed and the Revenue’s appeals dismissed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

220-2), he also expressed his willingness to modify cl. 7(a) as follows in order to obviate any kind of objection :- "7.(a) The trustee shall during the trust period, have the power at their discretion to admit as beneficiary any institutional investor which agrees to enter into a contribution agreement." and, consequent on the above, to insert

T vs. SHRIRAM GROWTH FUND,CHENNAIVS.ITO, CHENNAI

In the result, the Appeal of the assessee is partly allowed and the Revenue’s appeals dismissed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

220-2), he also expressed his willingness to modify cl. 7(a) as follows in order to obviate any kind of objection :- "7.(a) The trustee shall during the trust period, have the power at their discretion to admit as beneficiary any institutional investor which agrees to enter into a contribution agreement." and, consequent on the above, to insert

ITO, CHENNAI vs. TVS SHRIRAM GROWTH FUND, CHENNAI

In the result, the Appeal of the assessee is partly allowed and the Revenue’s appeals dismissed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

220-2), he also expressed his willingness to modify cl. 7(a) as follows in order to obviate any kind of objection :- "7.(a) The trustee shall during the trust period, have the power at their discretion to admit as beneficiary any institutional investor which agrees to enter into a contribution agreement." and, consequent on the above, to insert

T vs. SHRIRAM GROWTH FUND,CHENNAIVS.ITO, CHENNAI

In the result, the Appeal of the assessee is partly allowed and the Revenue’s appeals dismissed

Bench: Shri N.R.S. Ganesan & Shri D.S.Sunder Singh

220-2), he also expressed his willingness to modify cl. 7(a) as follows in order to obviate any kind of objection :- "7.(a) The trustee shall during the trust period, have the power at their discretion to admit as beneficiary any institutional investor which agrees to enter into a contribution agreement." and, consequent on the above, to insert

DOLLARS & POUNDS,CHENNAI vs. ACIT CPC TDS, GHAZIABAD

In the result, all the appeals filed by the assessee are allowed

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddy

Charitable Trust v. ITO (supra) for the assessment years 2013-14 & 2014-15, wherein the Tribunal has observed and held as under: “7. We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. Admittedly, the onus was upon the assessee to prepare statements and deliver the same within prescribed time

DOLLARS & POUNDS,CHENNAI vs. ACIT CPC TDS, GHAZIABAD

In the result, all the appeals filed by the assessee are allowed

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddy

Charitable Trust v. ITO (supra) for the assessment years 2013-14 & 2014-15, wherein the Tribunal has observed and held as under: “7. We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. Admittedly, the onus was upon the assessee to prepare statements and deliver the same within prescribed time

DOLLARS & POUNDS,CHENNAI vs. ACIT CPC TDS, GHAZIABAD

In the result, all the appeals filed by the assessee are allowed

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddy

Charitable Trust v. ITO (supra) for the assessment years 2013-14 & 2014-15, wherein the Tribunal has observed and held as under: “7. We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. Admittedly, the onus was upon the assessee to prepare statements and deliver the same within prescribed time

DOLLARS & POUNDS,CHENNAI vs. ACIT CPC TDS, GHAZIABAD

In the result, all the appeals filed by the assessee are allowed

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddy

Charitable Trust v. ITO (supra) for the assessment years 2013-14 & 2014-15, wherein the Tribunal has observed and held as under: “7. We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. Admittedly, the onus was upon the assessee to prepare statements and deliver the same within prescribed time

DOLLARS & POUNDS,CHENNAI vs. ACIT CPC TDS, GHAZIABAD

In the result, all the appeals filed by the assessee are allowed

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddy

Charitable Trust v. ITO (supra) for the assessment years 2013-14 & 2014-15, wherein the Tribunal has observed and held as under: “7. We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. Admittedly, the onus was upon the assessee to prepare statements and deliver the same within prescribed time

DOLLARS & POUNDS,CHENNAI vs. ACIT CPC TDS, GHAZIABAD

In the result, all the appeals filed by the assessee are allowed

Bench: Shri A. Mohan Alankamony & Shri Duvvuru Rl Reddy

Charitable Trust v. ITO (supra) for the assessment years 2013-14 & 2014-15, wherein the Tribunal has observed and held as under: “7. We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. Admittedly, the onus was upon the assessee to prepare statements and deliver the same within prescribed time

K.R.DEVENDRIER SON,SALEM vs. ITO TDS WARD, SALEM

In the result, the appeal filed by the assessee is allowed

Bench: Shri Abraham P.George & Shri Duvvuru R.L.Reddyआयकर अपील सं./Ita No.2953/Chny/2017 िनधा"रण वष" /Assessment Year: 2013-14 K.R. Devendrier Son, Vs. The Income Tax Officer, 176, Fort Main Road, Shevapet, Tds Ward, 3, Gandhi Road, Salem 636 002. Salem 636 007. [Pan: Aacfk0776D] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/ Appellant By : Ms. S. Sriniranjini, Advocate ""थ" की ओर से /Respondent By : Ms. G.D. Jayanthi Angayarkanni, Jcit सुनवाई की तारीख/Date Of Hearing : 26.11.2018 घोषणा की तारीख /Date Of Pronouncement : 03.12.2018 आदेश / O R D E R Per Duvvuru R.L.Reddy: This Appeal Filed By The Assessee Is Directed Against The Order Of The Ld. Commissioner Of Income Tax (Appeals), Salem, Dated 29.09.2017 Relevant To The Assessment Year 2013-14. The Only Effective Ground Raised In The Appeal Of The Assessee Is That The Ld. Cit(A) Has Erred In Confirming The Fees Levied Under Section 234E Of The Income Tax Act, 1961 [“Act” In Short].

Charitable Trust v. ITO (supra) for the assessment years 2013-14 & 2014-15, wherein the Tribunal has observed and held as under: “7. We have heard both the sides, perused the materials available on record and gone through the orders of authorities below. Admittedly, the onus was upon the assessee to prepare statements and deliver the same within prescribed time

BANNARIAMMAN EDUCATIONAL TRUST,COIMBATORE vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

charitable trust u/s 12AA of the Act, which is running one\ncollege in the name of M/s Bannari Amman Institute of Technology and\none school in the name of M/s Bannari Amman Vidya Niketan Matric\nHigher Secondary School. A survey action u/s 133A of the Act was\nconducted upon the assessee trust on 25.02.2020. Later on, a search and\nseizure

BANNARIAMMAN EDUCATIONAL TRUST,COIMBATORE vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

charitable trust u/s 12AA of the Act, which is running one \ncollege in the name of M/s Bannari Amman Institute of Technology and \none school in the name of M/s Bannari Amman Vidya Niketan Matric \nHigher Secondary School. A survey action u/s 133A of the Act was \nconducted upon the assessee trust on 25.02.2020. Later on, a search and \nseizure

CARBORUNDUM UNIVERSAL LIMITED,CHENNAI vs. ACIT LTU-1, CHENNAI

In the result, appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri Amitabh Shukla

220/-. 7.1.The learned counsel for the assessee submitted that in regard to disallowance u/s.14A read with Rule 8D, the AO has computed disallowance @1%of investment. Healso submitted that amendment to Rule 8D came into force w.e.f 02.06.2016 and hence said Rule 8D(2) has no application for AY 2015-16. In this regard, he cited a decision

CARBORUNDUM UNIVERSAL LIMITED,CHENNAI vs. ACIT LTU-1, CHENNAI

In the result, appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri Amitabh Shukla

220/-. 7.1.The learned counsel for the assessee submitted that in regard to disallowance u/s.14A read with Rule 8D, the AO has computed disallowance @1%of investment. Healso submitted that amendment to Rule 8D came into force w.e.f 02.06.2016 and hence said Rule 8D(2) has no application for AY 2015-16. In this regard, he cited a decision

CARBORUNDUM UNIVERSAL LIMITED,CHENNAI vs. ACIT LTU-1, CHENNAI

In the result, appeals filed by the assessee are partly allowed for statistical purposes

Bench: Shri Manu Kumar Giri & Shri Amitabh Shukla

220/-. 7.1.The learned counsel for the assessee submitted that in regard to disallowance u/s.14A read with Rule 8D, the AO has computed disallowance @1%of investment. Healso submitted that amendment to Rule 8D came into force w.e.f 02.06.2016 and hence said Rule 8D(2) has no application for AY 2015-16. In this regard, he cited a decision

ASSISSTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. BANNARIAMMAN EDUCATIONAL TRUST, COIMBATORE

charitable trust u/s 12AA of the Act, which is running one \ncollege in the name of M/s Bannari Amman Institute of Technology and \none school in the name of M/s Bannari Amman Vidya Niketan Matric \nHigher Secondary School. A survey action u/s 133A of the Act was \nconducted upon the assessee trust on 25.02.2020. Later on, a search and \nseizure