THE NEHRU MEMORIAL EDUCATION SOCIETY,KANHANGAD vs. ITO EXEMPTIONS, KANNUR
In the result, the assessee’s appeal is allowed
ITA 159/COCH/2023[2013-14]Status: DisposedITAT Cochin07 Mar 2024AY 2013-14
Bench: Shri Sanjay Arora & Dr. S. Seethalakshmithe Nehru Memorial The Income Tax Officer Education Society (Exemptions), Kannur Lakshmi Nivas Vs. Kanhangad - 671315 Kasaragod [Pan:Aabtt0633M] (Appellant) (Respondent)
For Appellant: Shri P.M. Veeramani, CAFor Respondent: Smt. J.M. Jamuna Devi, Sr. D.R
Section 10Section 11(1)Section 11(1)(d)Section 12ASection 143(1)Section 143(1)(a)Section 154Section 2
charitable) purposes, as under: (PB pg. 14)
The Nehru Memorial Education Society v. ITO
(a)
Section 11(1)(a & b) toward application to the extent of 85%
Rs. 9.51 lakhs
(b)
Income accumulated to the extent of 15%
u/s. 11(1)(a/b)
Rs. 1.68 lakhs
(c)
Corpus donation u/s. 11(1)(d)
Rs.133.20 lakhs
Total
Rs. 144.39 lakhs
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The same