M/S J SIKILE FOUNDATION,CHENNAI vs. DCIT, EXEMPTION-III, CHENNAI
In the result, appeal filed by the assessee is partly allowed
ITA 83/CHNY/2022[2011-12]Status: DisposedITAT Chennai09 Oct 2024AY 2011-12
Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.83/Chny/2022 िनधा"रणवष"/Assessment Year: 2011-12 V. M/S.J Sikile Foundation, The Dcit, Plot No.1025, Street No.44, Exemption-Iii, Tvs Colony, Anna Nagar West Extn., Chennai. Chennai-600 101. [Pan: Aaats 1630 C] (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri A.S.Sriraman, AdvocateFor Respondent: Shri ARV Sreenivasan
Section 11Section 11(5)Section 12ASection 13(1)(c)Section 234BSection 234D
Charitable Trust; and that during the
initial/formative years, M/s.SIPL used to support the assessee-foundation
to establish the Educational
Institutions which fact is
corroborated/reflected in the ledger account of the said company
(M/s.SIPL) in the books of the assessee right from 1984-85. It was
submitted that it was maintaining running-account between them
[assessee-foundation and M/s.SIPL] and pleaded
