PARADIP PORT AUTHORITY,JAGATSINGHPUR vs. DCIT,CIRCLE-1(1), CUTTACK

In the result, all the three appeals of the assessee are allowed

245 ITR 1. wherein the Hon'ble Supreme Court, while delivering the said judgement has stated that "Having regard to the plain language of the above previsions, it is clear that a charitable or religions trust is entitled to accumulate twenty five percent, Thus, taking note of all these facts, I find merits in the arguments of the appellant, Besides

PARADIP PORT AUTHORITY,JAGATSINGHPUR vs. DCIT,CIRCLE-1(1), CUTTACK

In the result, all the three appeals of the assessee are allowed