AVM CHARITIES,CHENNAI vs. ITO EXEMPTIONS WARD 1, CHENNAI
In the result, the appeals of the assessee for all the 13
ITA 278/CHNY/2018[1998-99]Status: DisposedITAT Chennai02 Jan 2019AY 1998-99
Bench: Shri N.R.S. Ganesan & Shri Abraham P. George] आयकर अपील सं./I.T.A. Nos.277, 278, 279, 280, 281, 282, 283, 284, 285 & 286/Chny/2018 "नधा"रण वष" /Assessment Years : 1997-98, 1998-99, 2006-07, 2008-09, 2009-10, 2010-11, 2011-12, 2012-13, 2013-2014 & 2014-15. M/S. Avm Charities, Vs. The Income Tax Officer, No.101, Dr. Radhakrishnan Salai, Exemptions Ward 1, Mylapore, Chennai. Chennai 600 004. [Pan Aaata 0512F] (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: Shri. T. Banusekar, FCA and Shri. B. Ramakrishnan, FCAFor Respondent: Shri. V.M. Mahidar, IRS, JCIT
Section 11Section 12ASection 2(15)
5. As already mentioned by us, the primary reason, for denying
the exemption claimed by the assessee u/s.11(1) of the Act, was that
its income consisted of rent received on running of two
kalyanamandapam which was run as a business. As per the ld.
Assessing Officer these properties were not settled by the settlor as
trust property and hence
