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

In the result, both appeals of the assessee are dismissed

charitable purpose during the year under consideration will have to be brought to tax and in that case the correct rate of tax is to be applied under the provisions of section 164(2) of the Act. 11. Ld. CIT-DR submitted that though the trust

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

section 164(2) of the Act as AOP as maximum marginal tax rate. P a g e 2 | 4 Assessment Year : 2016-17 5. We have heard the rival submissions and perused the record of the case. It is not in dispute that the assessee is not registered u/s.12AA of the Act and, therefore, cannot claim any exemption u/s.11

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

In the result, appeal of the assessee is partly allowed

charitable and religious trusts are concerned, their business profits are not exempt from tax, except in the cases falling under clause (a) or clause (b) of section 11(4A) of the Income-tax Act. As the maximum marginal rate of tax under the new proviso to section 164(2