DCIT (EXEMPTIONS), BHUBANESWAR vs. M/S. NILAKANTHA EDUCATIONAL AND CHARITABLE TRUST, BHUBANESWAR
In the result, appeal of the revenue is dismissed
ITA 336/CTK/2017[2009-10]Status: DisposedITAT Cuttack22 Oct 2021AY 2009-10
Bench: S/ S/Shri Chandra Mohan Garg, Judicial & Manish Borad & Manish Borad & Manish Boradassessment Year : 2009-2010 2010 Dcit (Exemptions), Dcit (Exemptions), Vs. M/S. Nilakantha Educational & M/S. Nilakantha Educational & Bhubaneswar. Bhubaneswar. Charitable Trust, At: Anantpur, Charitable Trust, At: Anantpur, Po: Phulnakhara, Dist:Khurda Po: Phulnakhara, Dist:Khurda Pan/Gir No. No.Aaatn 4043 J (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : None Revenue By : Shri M.K.Gautam, Cit (Dr) Date Of Hearing : 21 /10/ 20 / 2021 Date Of Pronouncement : 22 /10 10/2021 O R D E R
For Appellant: NoneFor Respondent: Shri M.K.Gautam
Section 11Section 12ASection 143(1)Section 253(5)
income. Therefore, it is important to make some analysis of the AO's observation against grant of benefit u/s.11. 3. The trust is accumulating funds in the shape of FDs from year to year. The AO seems to have analysed the objectives of the trust and has highlighted some of the objectives in his order
