LAXMI MEGHAN EDUCATIONAL TRUST,KANHANGAD vs. ITO, EXEMPTION, KANNUR, KANNUR
In the result, appeal of the assessee is allowed for statistical purposes
ITA 656/COCH/2022[2012-2013]Status: DisposedITAT Cochin08 Mar 2023AY 2012-2013
Bench: Shri George George K & Ms. Padmavathy Sassessment Year :2012-13 M/S. Laxmi Meghan Educational Trust, Ito (Exemptions), Vs. Kmc W1/1504, Surgicare Centre & Hospital, Kannur – 670 006. Kasargode District, Kerala. Pan :Aaatl8244M Assessee Respondent
For Appellant: Shri. Anil D Nair, AdvocateFor Respondent: Smt. J M Jamuna Devi, Sr. AR
Section 10Section 12ASection 143(2)Section 143(3)Section 194CSection 40
sections 12AA and 10(23C) (vi).
3. The Id. CIT(A) has grievously erred in rejecting the prayer u/s.
10(23C) (iii ad) stating that " There are no documents on record to show that during the financial year under consideration, the assessee trust existed solely for educational propose and not for purposes of profit and that the aggregate annual receipts
