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
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I.T.A. Nos.255-261/Coch/2018
has been used for objects of the trust. As regards allegation of diversion of funds, it was submitted that the trust has given temporary advance to Dr. K.M. Navas, managing trustee of the trust with interest @16%
per annum and such loan has been repaid within a short period. The CIT completely erred in cancelling registration
