M/S.KUNHITHARUVAI MEMORIAL CHARITABLE TRUST,CALICUT vs. THE DCIT, CEN-CIRCLE-2, CALICUT

In the result, the appeals filed by the assessee are disposed of as follows:

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

iv) The assessee Trust had diverted funds to business concerns in which the trustees have substantial interest, and v) The assessee has collected additional amount, commonly known as capitation fee from the students for admission in various courses. 2 I.T.A. Nos.255-261/Coch/2018 The Assessing Officer denied the benefit of sec. 11 to the assessee for the following reasons: “Section