SREE ANJANEYA MEDICAL TRUST,KOZHIKODE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 2 (1), KOZHIKODE

In the result, the appeals filed by the assessee are allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Sree Anjaneya Medical Trust Acit, Circle - 2 17/501X-1, Kanchas Building Aayakar Bhavan Opp. Indoor Stadium Mananachira Vs. Rajaji Road, New Bus Stand Kozhikode 673001 Kozhikode 673004 [Pan: Aahts3844B] (Appellant) (Respondent)

charitable trust, running medical college. The assessee in the year under consideration shown receipt of Rs. 50 Lakh toward corpus fund received from trustee which was claimed as exempted under section 11 of the Act. 2 Sree Anjaneya Medical Trust 4. However, the AO in the proceeding under section 147 of the Act found that the registration of assessee under