THE ACIT, CEN-CIRCLE, KOTTAYAM vs. SRI.JOSE THOMAS, ADOOR
In the result, the appeals of the assesses in ITA no
ITA 238/COCH/2019[2011-12]Status: DisposedITAT Cochin30 Sept 2019AY 2011-12
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
56(v) will not attract as there was consideration in the
form of a seat for the student in the college. In case of absence of adequate
consideration, it can be a voluntary contribution. The assessee submitted that
I.T.A. Nos.27-35/Coch/2019,
54&55/Coch/2019,
208-213/Coch/2019,
238&239/Coch/2019,
207/Coch/2019
& 304-310/Coch/2019
voluntary contribution would constitute income within the meaning
