In the result, appeals filed by the assessee for all four assessment years are allowed
Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita Nos.: 480, 481, 482 & 483/Chny/2023 िनधा"रण वष" / Assessment Years: 2017-18, 2018-19, 2019-20 & 2020-21 Jeppiaar Educational Trust, The Deputy/Assistant 29A, Ganapathy Street, V. Commissioner Of Income Tax, Royapettah, Central Circle -1(3), Chennai – 600 014. Chennai. [Pan: Aaatj-0562-E] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. B. Ramakrishnan, Fca ""यथ" क" ओर से/Respondent By : Shri. R. Clement Ramesh Kumar, Cit सुनवाई क" तारीख/Date Of Hearing : 24.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 23.08.2023
charitable trust to spend for its legitimate purposes from such unaccounted recovered amount? All the above clearly leads to the inevitable conclusion that the unaccounted recovered amount siphoned out of the books of the trust in cash is with the managing trustee who manages the affairs of the trust in terms of section 13(1)(c), which has not been