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150 results for “disallowance”+ Section 12Aclear

Sorted by relevance

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Key Topics

Section 11242Section 12A123Exemption81Section 2(15)68Section 143(1)53Section 13(1)(c)46Addition to Income44Section 143(3)33Disallowance32Charitable Trust

KAUMARA MADALAYAM,COIMBATORE vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS), COIMBATORE, COIMBATORE

In the result, the appeal of the assessee is allowed

ITA 680/CHNY/2024[2015-16]Status: DisposedITAT Chennai30 Aug 2024AY 2015-16

Bench: Shri Mahavir Singh & Shri S.R. Raghunathaआयकर अपील सं./Ita No.680/Chny/2024 िनधा:रण वष: /Assessment Year: 2015-16 Kaumara Madalayam, The Dy. Commissioner Of Income Chinnavedampatti Post, Vs. Tax (Exemptions), Coimbatore – 641 049. Coimbatore. [Pan: Aabtk 6034B]. (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथG की ओर से/ Assessee By : Shri N.V. Krishnan, Advocate IjथG की ओर से /Revenue By : Shri N. Sanjay Gandhi, Jcit सुनवाई की तारीख/Date Of Hearing : 13.06.2024 घोषणा की तारीख /Date Of Pronouncement : 30.08.2024 आदेश / O R D E R Per S.R. Raghunatha, A.M : This Appeal By The Assessee Is Arising Out Of The Order Of The Commissioner Of Income Tax (Appeals), [Nfac], Delhi [Hereinafter Cit(A)] In Din & Order No.Itba/Nfac/S/250/2023-24/1059915043(1), Dated 19.01.2024. The Assessment Was Framed By The Dy. Commissioner Of Income Tax (Exemptions), Coimbatore For The Assessment Year 2015-16 U/S.143(3) Of The Income Tax Act, 1961 (Hereinafter The ‘Act’), Vide Order Dated 12.12.2017. :- 2 -: 2. The Assessee Has Raised The Following Grounds Of Appeal:

For Appellant: Shri N.V. Krishnan, AdvocateFor Respondent: Shri N. Sanjay Gandhi, JCIT
Section 10Section 11Section 12ASection 143(3)

Showing 1–20 of 150 · Page 1 of 8

...
27
Section 1025
Depreciation24
Section 6(18)

disallowed the exemption claimed under section 10(23BBA) of the Act and CIT(A) sustained the decision of the It is submitted that the CIT(A) failed consider the implication of the second proviso to section 12A

M/S ALPHA EDUCATIONAL TRUST ,CHENNAI vs. DCIT (EXEMPTIONS), CHENNAI

In the result, appeal of the assessee is partly allowed

ITA 588/CHNY/2022[2011-2012]Status: DisposedITAT Chennai10 Mar 2023AY 2011-2012

Bench: Shri Mahavir Singh, Vice-आयकरअपीलसं./I.T.A.No.588/Chny/2022 ("नधा"रणवष" / Assessment Year: 2011-12) M/S. Alpha Educational Trust Vs The Dcit (Exemptions), No.2/310, Jeeva Street, Chennai. Mondiamman Nagar, Red Hills, Chennai-600 052. Pan: Aacta 9230A (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Respondent: 08.03.2023
Section 11Section 12ASection 143(3)Section 147

section 12A of the I.T. Act are not applicable in the instant case and the appellant's reliance on these notes are misplaced and not relevant. 5.7 In view of the clear judgement of the Supreme Honourable 4 Court in the case of UP Forest Corporation (2007) 165 taxmann 533(SC), in which it held that registration is a condition

C.R.ANAND EDUCATIONAL TRUST,MADURAI vs. ITO, EXEMPTION, MADURAI

In the result, appeal of the assessee is allowed for statistical purposes

ITA 2802/CHNY/2019[2009-10]Status: DisposedITAT Chennai22 Feb 2022AY 2009-10

Bench: Shri C.M. Garg, Jm & Shri Arun Khodpia, Am आयकर अपील सं./Ita No.2802/Chny/2019 (धििाारण वर्ा / Assessment Year : 2009-10) C.R. Anand Educational Trust, V Ito, Exemption, Madurai. No. 34, Ganeshapuram, S K. Pudur, Madurai – 625 007. Pan No. : Aabtc1675J (अपीलार्थी /Appellant) (प्रत्यर्थी / Respondent) .. निर्ाारिती की ओर से /Assessee By : Shri S. Sankaralingam, Cit (Rtd) & Shri B. Gopalakrishnan, Advocate Ar िाजस्व की ओर से /Revenue By : Shri G. Johnson, Addl. Cit Dr सुिवाई की तािीख / Date Of Hearing : 15/02/2022 घोषणा की तािीख/Date Of Pronouncement : 22/02/2022 आदेश / O R D E R Per Arun Khodpia, Am:

For Appellant: Shri S. Sankaralingam, CIT (Rtd) and ShriFor Respondent: Shri G. Johnson, Addl. CIT
Section 1Section 11Section 12ASection 12A(2)

Section 12A(2) of the Act is applicable to the present case. 8. Having heard to the rival parties and considering the relevant materials available on record, we find in the instant case that the assessee trust was created on 02.12.2008. Its first assessment was done by Ld. AO u/s. 148 on 18.07.2011, however, while passing the re-assessment

INCOMETAX OFFICER EXEMPTIONS WARD, TIRUNELVELI vs. THE CHRISTIAN BUSINESSMEN EDUCATIONAL FELLOWSHIP, KOVILPATTI

In the result, the appeal filed by the Revenue is dismissed

ITA 2395/CHNY/2025[2019-20]Status: DisposedITAT Chennai19 Jan 2026AY 2019-20

Bench: Hon’Ble Shri Manu Kumar Giri & Shri S.R. Raghunathaआयकर अपील सं./ Ita No.2395/Chny/2025 "नधा"रण वष" /Assessment Year: 2019-20 The Income Tax Officer, The Christian Businessmen Exemptions Ward Vs. Educational Fellowship, Nellai City Centre, Rahmath Nagar, No.46, Alwar Street, Tiruchendur Road, Kovilpatti, Tirunelvali, Tamil Nadu-628501 Tamil Nadu-627011 [Pan: Aacat2359N] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Mr.C.Sivakumar, Addl.Cit ""यथ" क" ओर से /Respondent By : Mr.R. Viswanthan, Ca सुनवाई क" तार"ख/Date Of Hearing : 07.01.2026 घोषणा क" तार"ख /Date Of Pronouncement : 19.01.2026

For Appellant: Mr.C.Sivakumar, Addl.CITFor Respondent: Mr.R. Viswanthan, CA
Section 11Section 12ASection 143(1)Section 143(1)(a)Section 154Section 80G

12A and the application of income under section 11 cannot be examined or disallowed at :- 4 -: the stage of section

GOOD SHEPHERD HOLISTIC EDUCATIONAL TRUST,TRICHY vs. ITO, WARD-1(1), TRICHY

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 3105/CHNY/2024[2018-19]Status: DisposedITAT Chennai11 Jun 2025AY 2018-19

Bench: Shri George George Kand Shri S.R. Raghunathaआयकर अपील सं./Ita No.:3105/Chny/2024 िनधा"रण वष"/Assessment Year:2018-19 Good Shepherd Holistic The Income Tax Officer, Educational Trust, Vs. Ward 1(1), Plot No.452, Usman Ali Nagar, Trichy. Kk Nagar, Trichy – 620 021. Pan: Aactg 1957E (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri N. Arjun Raj, Advocate ""यथ" क" ओर से/Respondent By : Ms. Sita Krishnamoorthy, Jcit सुनवाई क" तारीख/Date Of Hearing : 10.06.2025 घोषणा क" तारीख/Date Of Pronouncement : 11.06.2025

For Appellant: Shri N. Arjun Raj, AdvocateFor Respondent: Ms. Sita Krishnamoorthy, JCIT
Section 11Section 12ASection 143(2)Section 143(3)Section 250Section 57

disallowed the Capital Expenditure and donation expenditure claimed as deduction u/s section 57. Further the contention of the assessee with regard to the applicability of Section 12A

HARI FOUNDATION,COIMBATORE vs. DLC-CA-(211)(1), ACIT EXEMPTIONS, COIMBATORE

In the result, appeal filed by the assessee is allowed for statistical purposes

ITA 917/CHNY/2024[2020-21]Status: DisposedITAT Chennai18 Sept 2024AY 2020-21

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.917/Chny/2024 िनधा"रणवष"/Assessment Year: 2020-21 V. Hari Foundation, The Acit (Exemptions), 3-1, Indira Nagar, Coimbatore. Kuniamuthur S.O., Coimbatore-641 035. [Pan: Aabth 2056 A] (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri AG. SathyanarayanaFor Respondent: Shri P. Sajit Kumar, JCIT
Section 11Section 12Section 12ASection 12A(1)(ba)Section 139Section 139(1)Section 139(4)Section 143(1)Section 154

disallowed the exemption u/s.11 of the Act alleging failure on the part of the assessee to file the Audit Report of the accounts of the Trust (Form 10B) within due time which in this case was 15.02.2021 and the assessee belatedly filed the same within ‘32’ days on 20.03.2021 (refer rectification order u/s.154 of the CPC). According to the Ld.AR

ST. FRANCIS EDUCATIONAL TRUST,,CHENNAI vs. ITO, EXEMPTION WARD-2,, CHENNAI

In the result, the appeal filed by assessee in ITA No

ITA 3395/CHNY/2019[2016-17]Status: DisposedITAT Chennai24 Aug 2020AY 2016-17

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

For Appellant: Mr.AR.V.Sreenivasan, JCITFor Respondent: 20.07.2020
Section 11Section 12ASection 13(1)(c)Section 13(2)Section 143(3)

disallowed the exemption claimed under section 11 of the Act. 2.3 The Learned AO has erred in invoking the provisions of Section 13(1)(c) of the Act without a holistic understanding of the facts of the case”. 6.3 In the written submission, the appellant contested that the trust had obtained term loan based on the collateral security

ANDHRA SOCIAL & CULTURAL ASSOCIATION,CHENNAI vs. ACIT NON CORPORATE CIRCLE 1, CHENNAI

In the result, all the five appeals filed by the assessee stand

ITA 1424/CHNY/2018[2008-09]Status: DisposedITAT Chennai03 Sept 2019AY 2008-09

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

For Appellant: Sh. P. Ranga Ramanujam, CAFor Respondent: Shri AR.V. Sreenivasan, JCIT
Section 11Section 12ASection 271(1)(c)

disallowed the claim of the assessee and also levied penalty under Section 271(1)(c) of the Act. The Ld. representative placed his reliance on various judgments of High Courts and Apex Court and submitted that the penalty under Section 271(1)(c) of the Act cannot be levied unless there was concealment of income or furnishing of inaccurate particulars

ANDHRA SOCIAL & CULTURAL ASSOCIATION,CHENNAI vs. ACIT NON CORPORATE CIRCLE 1, CHENNAI

In the result, all the five appeals filed by the assessee stand

ITA 1421/CHNY/2018[2005-06]Status: DisposedITAT Chennai03 Sept 2019AY 2005-06

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

For Appellant: Sh. P. Ranga Ramanujam, CAFor Respondent: Shri AR.V. Sreenivasan, JCIT
Section 11Section 12ASection 271(1)(c)

disallowed the claim of the assessee and also levied penalty under Section 271(1)(c) of the Act. The Ld. representative placed his reliance on various judgments of High Courts and Apex Court and submitted that the penalty under Section 271(1)(c) of the Act cannot be levied unless there was concealment of income or furnishing of inaccurate particulars

ANDHRA SOCIAL & CULTURAL ASSOCIATION,CHENNAI vs. ACIT NON CORPORATE CIRCLE 1, CHENNAI

In the result, all the five appeals filed by the assessee stand

ITA 1422/CHNY/2018[2006-07]Status: DisposedITAT Chennai03 Sept 2019AY 2006-07

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

For Appellant: Sh. P. Ranga Ramanujam, CAFor Respondent: Shri AR.V. Sreenivasan, JCIT
Section 11Section 12ASection 271(1)(c)

disallowed the claim of the assessee and also levied penalty under Section 271(1)(c) of the Act. The Ld. representative placed his reliance on various judgments of High Courts and Apex Court and submitted that the penalty under Section 271(1)(c) of the Act cannot be levied unless there was concealment of income or furnishing of inaccurate particulars

ANDHRA SOCIAL & CULTURAL ASSOCIATION,CHENNAI vs. ACIT NON CORPORATE CIRCLE 1, CHENNAI

In the result, all the five appeals filed by the assessee stand

ITA 1425/CHNY/2018[2009-10]Status: DisposedITAT Chennai03 Sept 2019AY 2009-10

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

For Appellant: Sh. P. Ranga Ramanujam, CAFor Respondent: Shri AR.V. Sreenivasan, JCIT
Section 11Section 12ASection 271(1)(c)

disallowed the claim of the assessee and also levied penalty under Section 271(1)(c) of the Act. The Ld. representative placed his reliance on various judgments of High Courts and Apex Court and submitted that the penalty under Section 271(1)(c) of the Act cannot be levied unless there was concealment of income or furnishing of inaccurate particulars

ANDHRA SOCIAL & CULTURAL ASSOCIATION,CHENNAI vs. ACIT NON CORPORATE CIRCLE 1, CHENNAI

In the result, all the five appeals filed by the assessee stand

ITA 1423/CHNY/2018[2007-08]Status: DisposedITAT Chennai03 Sept 2019AY 2007-08

Bench: Shri N.R.S. Ganesan & Shri S. Jayaraman

For Appellant: Sh. P. Ranga Ramanujam, CAFor Respondent: Shri AR.V. Sreenivasan, JCIT
Section 11Section 12ASection 271(1)(c)

disallowed the claim of the assessee and also levied penalty under Section 271(1)(c) of the Act. The Ld. representative placed his reliance on various judgments of High Courts and Apex Court and submitted that the penalty under Section 271(1)(c) of the Act cannot be levied unless there was concealment of income or furnishing of inaccurate particulars

KM EDUCATIONAL AND RURAL DEVELOPMENT TRUST,VEMBAKOTTAI vs. ITO, EXEMPTIONS, MADURAI

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

ITA 1326/CHNY/2024[2018-19]Status: DisposedITAT Chennai04 Dec 2024AY 2018-19

Bench: Shri Aby T. Varkey & Shri Jagadish

Section 10BSection 11Section 12ASection 12A(1)(ba)Section 139Section 139(1)Section 143(1)Section 143(1)(a)Section 44A

section 12A registration and filed its Return of Income [RoI] for AY 2018- 19 belatedly on 30.11.2018 declaring total income of Rs.NIL and claimed refund of Rs.1,96,656/-. However, the CPC while processing the return u/s.143(1) of the Act on 30.09.2019 computed the total income at Rs.2,14,33,895/- and raised demand of Rs.92,83,542/- instead

M.P. SANTHOSH KUMAR, ITO, CHENNAI vs. GREENPEACE ENVIRONMENT TRUST, CHENNAI

In the result, appeal filed by the Revenue stands dismissed

ITA 406/CHNY/2025[2011]Status: DisposedITAT Chennai25 Aug 2025

Bench: Shri George George K & Shri S.R. Raghunathaआयकर अपील सं./Ita No.: 406/Chny/2025 धनिाजरण वर्ज / Assessment Year: 2011-12 Income Tax Officer, Greenpeace Environment Trust, Exemptions, Ward-1, Vs. New No.49, Old No.23, Chennai. Ellaiamman Colony, Gopalapuram, Chennai-600 086. [Pan:Aaatg-3538-R] (अपीलाथी/Appellant) (प्रत्यथी/Respondent) अपीलाथी की ओर से/Appellant By : Mr. Kumar Chandan, Jcit. प्रत्यथी की ओर से/Respondent By : Shri. Y.Sridhar, F.C.A. सुनवाई की तारीख/Date Of Hearing : 19.06.2025 घोर्णा की तारीख/Date Of Pronouncement : 25.08.2025 आदेश /O R D E R Per S. R. Raghunatha, Am :

For Appellant: Mr. Kumar Chandan, JCITFor Respondent: Shri. Y.Sridhar, F.C.A
Section 11Section 12ASection 13(1)(c)Section 13(3)(c)Section 143(1)Section 143(3)

12A of the Act having similar objects was not in violation of the provisions of section 13(1)(d) read with section 11(5) of the Act. Where the Assessing Officer disallowed

ARUTPERUM JOTHI ARAKKATTALAI,SALEM vs. ITO, EXEMPTION WARD., SALEM

In the result, the appeal of the assessee is allowed

ITA 1608/CHNY/2024[2021-22]Status: DisposedITAT Chennai30 Sept 2024AY 2021-22

Bench: SHRI MANU KUMAR GIRI (Judicial Member), SHRI JAGADISH (Accountant Member)

For Appellant: Shri. P.M. Kathir, AdvocateFor Respondent: Shri. N.S. Phanidharan, IRS, JCIT
Section 11Section 11(1)(d)Section 12Section 12ASection 12A(1)(b)Section 139(1)Section 143(1)Section 143(1)(a)Section 288Section 44A

disallow the appellant's claim for exemption under Section 11 and 12 of the Act when processing the return under Section 143(1) of the Act. Further, the ld. Departmental Representative also vehemently submitted that according to the Provisions of Section 44AB of the Act, as per explanation (ii) the specified date means, the date of one month prior

SHRIRAM FINANCE LIMITED,CHENNAI vs. DCIT, CORPORATE CIRCLE 3(1), CHENNAI, CHENNAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 173/CHNY/2024[2020-2021]Status: DisposedITAT Chennai09 Aug 2024AY 2020-2021

Bench: Shri S.S. Viswanethra Ravi & Shri S.R. Raghunathaआयकर अपील सं./I.T.A. No.173/Chny/2024 िनधा"रण वष"/Assessment Year: 2020-21 Shriram Finance Limited Vs. The Deputy Commissioner Of [Formerly Known As Shriram Transport Income Tax, Finance Company Limited), Corporate Circle 3(1), Sri Towers, Plot No. 14A, South Phase, Chennai. Industrial Estate, Guindy, Chennai 600 017. [Pan: Aaacs7018R] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri R. Sivaraman, Advocate ""थ" की ओर से/Respondent By : Shri R.V. Aroon Prasad, Addl. Cit सुनवाई की तारीख/ Date Of Hearing : 25.07.2024 घोषणा की तारीख /Date Of Pronouncement : 09.08.2024 आदेश /O R D E R Per S.S. Viswanethra Ravi: This Appeal Filed By The Assessee Is Directed Against The Order Dated 29.11.2023 Passed By The Ld. Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre [Nfac], Delhi For The Assessment Year 2020-21. 2. Ground No. 1 Is General In Nature & Requires No Adjudication.

For Appellant: Shri R. Sivaraman, AdvocateFor Respondent: Shri R.V. Aroon Prasad, Addl. CIT
Section 14ASection 2

disallowances taking into account the same income as made under section 143(1) of the Act by separate order passed under section 143(3) of the Act. The assessee preferred separate appeal against the said order passed under section 143(3) of the Act. The contention of the ld. AR is that once scrutiny assessment proceedings is taken

INCOME TAX OFFICER, EXEMPTIONS WARD, TRICHY, TRICHY vs. ARULMIGU MADHURAKALIAMMAN TEMPLE, SIRAVACHUR

In the result, appeal filed by the revenue is dismissed

ITA 1015/CHNY/2025[2017-18]Status: DisposedITAT Chennai28 Jul 2025AY 2017-18

Bench: Hon’Ble Shri Manu Kumar Giri & Hon’Ble Shri S. R. Raghunathaआयकर अपील सं./Ita No.1015/Chny/2025 ननिाारण वर्ा/Assessment Year: 2017-18 V. Income Tax Officer, Arulmigu Madhurakaliamman Exemptions Ward, Temple, Trichy. Siravachur, Perambalur, Tamil Nadu-621 113. [Pan: Aacaa9147R] (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) : अपीलार्थी की ओर से/ Appellant By Ms.T.V.Muthu Abirami, Advocate, प्रत्यर्थी की ओर से /Respondent By : Ms.R.Anitha, Addl.Cit सुनवाईकीतारीख/Date Of Hearing : 24.07.2025 : घोर्णाकीतारीख /Date Of Pronouncement 28.07.2025

For Respondent: Ms.R.Anitha, Addl.CIT
Section 11Section 12ASection 12A(2)Section 139Section 139(1)

12A provided for registration. The assessee also relied upon the order of the Delhi Tribunal in the case of Sree Ramkrishna Samity Vs D.C.I.T. Arulmigu Madhurakaliamman Temple :: 3 :: 4. The ld. CIT(A), upon hearing the assessee has passed following order as under: “..5.5 I perused the above referred case law and find that observations of the Hon'ble ITAT

PALAM RURAL CENTRE,TIRUPPUR vs. ACIT, EXEMPTIONS,, COIMBATORE

In the result, the appeal filed by the assessee is allowed for statistical purposes and the Stay Application filed by the assessee is dismissed as infructuous

ITA 1560/CHNY/2025[2018-19]Status: DisposedITAT Chennai01 Jul 2025AY 2018-19

Bench: Shri George George K & Shri S.R.Raghunathaआयकर अपील सं./Ita No.:1560/Chny/2025 & S.A.No.51Chny/2025 [Arising In Ita No.: 1560/Chny/2025] िनधा"रण वष" / Assessment Year:2018-19 Palam Rural Centre, The Asst. Commissioner Of Pethampalayam, Vs. Income Tax (Exemptions), Veerapandi S.O., Coimbatore. Tiruppur – 641 605. [Pan: Aaatp-2929-F] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से/Appellant By : Shri. Edser Raj, Advocate ""थ" की ओर से/Respondent By : Ms. Sita Krishnamoorthy, J.C.I.T.

For Appellant: Shri. Edser Raj, AdvocateFor Respondent: Ms. Sita Krishnamoorthy, J.C.I.T
Section 11Section 12ASection 139

12A of the Commercial Courts Act, 2015 and provisos (b) and (c) of Section 138 of the Negotiable Instruments Act, 1881 and any other laws, which prescribe limitation period for instituting proceedings, outer limits (within which the court or tribunal can condone delay) and termination of proceedings. During the COVID-19 period (specifically between March 15, 2020, and February

SREE RAGHAVENDRA EDUCATIONAL SOCIETY,CHENNAI vs. ITO (EXEMPTIONS) WARD 1, CHENNAI

In the result, appeals filed by the assessee for both the assessment years are allowed for statistical purposes

ITA 834/CHNY/2024[2011-12]Status: DisposedITAT Chennai20 Sept 2024AY 2011-12

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.: 834 & 835/Chny/2024 िनधा"रण वष" / Assessment Years: 2011-12 & 2015-16

For Respondent: Shri. G. Suresh, JCIT
Section 11Section 12ASection 13(1)(C)Section 13(1)(c)Section 201Section 40

12A of the Act :-11-: ITA. Nos: 834 & 835/Chny/2024 and claiming exemption under section 11 of the Act. We find that section 13(1)(c) applies when income or property of the trust is used to benefit persons referred to in Section 13(3). In the present case, it is not disputed that the loans were advanced in earlier years

SREE RAGHAVENDRA EDUCATIONAL SOCIETY,CHENNAI vs. ITO (EXEMPTIONS) WARD 4, CHENNAI

In the result, appeals filed by the assessee for both the assessment years are allowed for statistical purposes

ITA 835/CHNY/2024[2015-16]Status: DisposedITAT Chennai20 Sept 2024AY 2015-16

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकर अपील सं./Ita Nos.: 834 & 835/Chny/2024 िनधा"रण वष" / Assessment Years: 2011-12 & 2015-16

For Respondent: Shri. G. Suresh, JCIT
Section 11Section 12ASection 13(1)(C)Section 13(1)(c)Section 201Section 40

12A of the Act :-11-: ITA. Nos: 834 & 835/Chny/2024 and claiming exemption under section 11 of the Act. We find that section 13(1)(c) applies when income or property of the trust is used to benefit persons referred to in Section 13(3). In the present case, it is not disputed that the loans were advanced in earlier years