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3 results for “charitable trust”+ Section 264clear

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Key Topics

Section 2(15)16Section 117Section 2635Exemption3Section 272A(2)(e)2Section 12A2Section 143(2)2Section 143(1)2

M/S.MARYMATHA SCHOOL TRUST,COCHIN vs. THE ITO(EXEMPTION), COCHIN

In the result, the appeal filed by the assessee is partly allowed

ITA 285/COCH/2017[2012-13]Status: DisposedITAT Cochin30 Aug 2018AY 2012-13

Bench: S/Shri Chandra Poojari, Am & George George K., Jm I.T.A. No.285/Coch/2017 Assessment Year : 2012-13 M/S. Mary Matha School Trust, Vs. The Income Tax Officer Thrikkakara P.O. (Exemption), Kochi. Kochi-682 021. [Pan:Aabtm 0241L]

Section 11Section 11(1)(a)Section 143(3)Section 263Section 272A(2)(e)Section 272A(3)Section 272A(4)

264 ITR 110) by observing that income of an institution was to be computed on commercial principles, after providing for allowance of normal depreciation. It was observed that while section 11 of the Act provides for computation of income of an institution from the property held for charitable or religious purposes and for the application of income, section

MALANADU MILK PRODUCERS SOCIETY,KOTTAYAM vs. DCIT, EXEMPTION, TVM, THIRUVANANTHAPURAM

The appeals of the assessees are allowed

ITA 633/COCH/2022[2017-2018]Status: DisposedITAT Cochin08 Mar 2023AY 2017-2018

Bench: Shri George George K. & Ms. Padmavathy S.

For Appellant: Shri Jose Kappan, CAFor Respondent: Shri Prashant V.K., CIT(DR)
Section 11Section 12ASection 143(1)Section 143(2)Section 2(15)Section 263

264 and that the AO did not examine the claim of the assessee for an exemption u/s. 11 of the Act. Accordingly, the CIT(E) issued a show cause notice u/S. 263 of the Act which reads as under:- “"2. In your case, for the AY 2017-18, assessment was completed on 11/10/2019 accepting the return of income filed

MALANADU FARMERS SOCIETY ,KOTTAYAM vs. DCIT EXEMPTIONS, TVM, THIRUVANANTHAPURAM

The appeals of the assessees are allowed

ITA 632/COCH/2022[2017-2018]Status: DisposedITAT Cochin08 Mar 2023AY 2017-2018

Bench: Shri George George K. & Ms. Padmavathy S.

For Appellant: Shri Jose Kappan, CAFor Respondent: Shri Prashant V.K., CIT(DR)
Section 11Section 12ASection 143(1)Section 143(2)Section 2(15)Section 263

264 and that the AO did not examine the claim of the assessee for an exemption u/s. 11 of the Act. Accordingly, the CIT(E) issued a show cause notice u/S. 263 of the Act which reads as under:- “"2. In your case, for the AY 2017-18, assessment was completed on 11/10/2019 accepting the return of income filed