M/S. NABADIGANT EDUCATIONAL TRUST,BHUBANESWAR vs. ITO, WARD-2(1), BHUBANESWAR, BHUBANESWAR

In the result, both appeals of the assessee are dismissed

164(2) of the Act. 11. Ld. CIT-DR submitted that though the trust has charged interest on loan/advances to the company, but in reality no interest has been recovered from the above said company by the assessee-trust at any point of time. Therefore, it is a clear violation of Section

GYANODAYA EDUCATIONAL TRUST,KEONJHAR vs. ITO (EXEMPTION), CUTTACK

In the result, appeal of the assessee is partly allowed

164(2) applies to the whole or a part of the relevant income of a charitable or religious trust which forfeits exemption by virtue of the provisions of the Income-tax Act in regard to investment pattern or use of the trust property for the benefit of the settlor, etc., contained in section 13(1

ABHISEK EDUCATIONAL AND CHARITABLE TRUST,BHUBANESWAR vs. ITO, EXEMPTION WARD, BHUBANESWAR

In the result, appeal of the assessee is allowed for statistical purposes

Bench: S/ S/Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2016-17 Abhisek Abhisek Educational Educational & And Vs. Ito Ito (Exemption (Exemption Ward), Ward), Charitable Charitable Trust, Trust, Mig Mig-B-18, Bhubaneswar. Bhubaneswar. Ground Ground Floor, Floor, Brit Brit Colony, Colony, Nayapali, Bhubaneswar Nayapali, Bhubaneswar Pan/Gir No. No.Aacta 5203 D (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri K.C.Jena, Ar , Ar Revenue By : Shri S.C.Mohanty, Addl. S.C.Mohanty, Addl. Cit (Dr) Date Of Hearing : 5 /4/ 20 / 2022 Date Of Pronouncement : 6 /4 4/2022 O R D E R

Charitable Trust, Trust, MIG MIG-b-18, Bhubaneswar. Bhubaneswar. Ground Ground floor, floor, Brit Brit Colony, Colony, Nayapali, Bhubaneswar Nayapali, Bhubaneswar PAN/GIR No. No.AACTA 5203 D (Appellant (Appellant) .. ( Respondent Respondent) Assessee by : Shri K.C.Jena, AR , AR Revenue by : Shri S.C.Mohanty, Addl. S.C.Mohanty, Addl. CIT (DR) Date of Hearing : 5 /4/ 20 / 2022 Date of Pronouncement : 6 /4 4/2022