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:
ITA 255/COCH/2018[2006-07]Status: DisposedITAT Cochin27 May 2019AY 2006-07
Bench: S/Shri Chandra Poojari, Am & George George K., Jm
Section 10ASection 11Section 11(5)Section 12ASection 13Section 13(1)(c)Section 132Section 139(1)Section 153A
Trust vs. Chief CIT (327 ITR 121 (Bombay).
5.3 The Ld. AR submitted that even if there is the violation of sections 11(5) and
13(1)(c) of the Act, the assessee is only liable to pay tax on maximum margin rate
and not on the entire income but only to the extent of violation of the above
sections
