REGIONALSPORTS CENTRE,COCHIN vs. THE JT CIT(OSD)(EXEMPTION), COCHIN
In the result, the appeal of the assessee is allowed for statistical purposes and that of the Revenue is dismissed
ITA 568/COCH/2014[2006-07]Status: DisposedITAT Cochin05 Oct 2017AY 2006-07
Bench: Shri P. K. Bansal & Shri George George K.Assessment Year:2006-07 Vs Regional Sports Centre, Jt. Director Of Income Tax (Osd) Elamjulam Road, Kadavanthara, (Exemptions), Range-4, Kochi. Kochi. Pan:Aaatr 8832 M (Appellant) (Respondent) Assessment Year:2006-07 Vs A.C.I.T. (Exemptions), Regional Sports Centre, Kochi. Elamjulam Road, Kadavanthara, Kochi. Pan:Aaatr 8832 M (Appellant) (Respondent)
Section 11Section 12ASection 143(3)Section 147
charitable trusts u/s 11 of the I.T.
Act., the income derived and application of income include both capital and revenue nature. As such Rs.64,33,000/- is also real income of the assessee during the A.Y. 2006-07. The "assessee' had received an income of Rs.37,66,300/- by way of entrance fee. This income was shown as addition