M/S. NABADIGANT EDUCATIONAL TRUST,BHUBANESWAR vs. ITO, WARD-2(1), BHUBANESWAR
In the result, both appeals of the assessee are dismissed
ITA 137/CTK/2016[2011-12]Status: DisposedITAT Cuttack17 May 2022AY 2011-12
For Appellant: Shri B.R.Pattnaik, ARFor Respondent: Shri M.K.Goutam, CIT-DR
Section 11Section 12ASection 13Section 13(1)(c)Section 13(1)(d)Section 13(2)(a)Section 143(2)Section 143(3)Section 80G
164(2) of the Act.
14. On careful consideration of the above rival submissions and from the assessment order, we observe that the AO has denied benefit of Section 11 of the Act to the assessee by observing at paras 3.1 to 5.2 as under :-
3.1 'Diversion of Trust property'
On going through the copy of ledger account
