SUJAN MOHINDER CHARITABLE TRUST,NEW DELHI vs. ITO WARD 2(2) EXEMPTION, NEW DELHI

In the result, assessee's appeal is allowed for statistical purposes

Bench: Shri G.S. Pannu, Hon’Ble & Shri Anubhav Sharmaassessment Year: 2017-18 Sujan Mohinder Charitable Trust, Vs Ito, 8, Eastern Avenue, Ward 2(2) Exemption, Maharani Bagh, New Delhi. New Delhi – 110 065. Pan: Aaats7083F (Appellant) (Respondent) Assessee By : Ms Vandana Bhandari, Ca Revenue By : Shri Ravi Kant Choudhary, Sr. Dr Date Of Hearing : 10.06.2024 Date Of Pronouncement : 27.06.2024 Order Per Anubhav Sharma, Jm: This Appeal Is Preferred By The Assessee Against The Order Dated 30.12.2022 Of The Commissioner Of Income Tax (Appeals), Nfac (Hereinafter Referred As Ld. First Appellate Authority Or In Short Ld. ‘Faa’) In Appeal No.Cit(A), Delhi-40/10374/2019-20 Arising Out Of The Appeal Before It Against The Order Dated 28.12.2019 Passed U/S 144 Of The Income Tax Act, 1961 (Hereinafter Referred As ‘The Act’), By The Ito, Exemption, Ward 2(2), New Delhi (Hereinafter Referred To As The Ld. Ao). The Assessee Is A Charitable Trust Created By A Trust Deed Dated 6Th March, 2. 1978 & Is Registered U/S 12A Of The Act. The Assessee’S Case Was Picked Up For Scrutiny & The Ao Examined The Cash Deposits Of Rs.34,53,730/- During The Demonetization Period & Further Observed That During The Relevant Assessment Year No Return Has Been Filed By The Assessee Either U/S 139 Of The Act Or In Response To Notice U/S 142(1) Of The Act. Accordingly, The Assessment Was Completed U/S 144 Of The Act Making An Addition Of Rs.1,22,87,399/- U/S 69A Of The Act On Account Of Following Show Cause Notice:-

charitable trust created by a Trust Deed dated 6th March, 2. 1978 and is registered u/s 12A of the Act. The assessee’s case was picked up for scrutiny and the AO examined the cash deposits of Rs.34,53,730/- during the demonetization

SHREE DEWAN SHIKSHA SAMITI,JIND vs. CIT(E), CHANDIGARH

In the result, the Appeal filed by the assessee is dismissed

Bench: us. Considering the fact that the assessee has been continuously absent, we find it appropriate to hear the Ld. Departmental Representative and decide the Appeal on verifying the material available on record.

charitable activities. On the contrary, the trust has been having continuous surplus and is engaged in creation of fixed assets. 4.3 The society was asked a specific query regarding the details of the cash deposits made in the bank accounts of the society during demonetization

KHOOBSOORAT FABRICS PVT LTD.,NEW DELHI vs. ITO WARD 14(3), NEW DELHI

Appeal are allowed

Bench: Shri Kul Bharat[Assessment Year: 2017-18

trust property. Here the facts of transaction is real. (Para 7.4 page 11) the case are altogether and not at all relevant in present appellant's case. iii) In Sumati Dayal v. CIT: In this case assessee shown certain amounts in capital account in books claiming same to be winning from horse races. For this contention she filed sworn statement

MICRO FINANCE INDUSTRY NETWORK,GURGAON vs. CIT(E), CHANDIGARH

In the result, the appeals of the assessee are allowed for statistical purpose

Trust. The assessee claims to\nhelp in educating various institutes in this behalf and facilitates poors of the\ncountry by making them understand their rights, facilities and advise them on\nreasonableness/discounting of lending rate by various institutions. The people\nwho are suffering from natural calamities are also extended help by the society.\nIt also has a potential in contributing

MICRO FINANCE INDUSTRY NETWORK,GURGAON vs. CIT(E), CHANDIGARH

In the result, the appeals of the assessee are allowed for statistical purpose

Trust. The assessee claims to\nhelp in educating various institutes in this behalf and facilitates poors of the\ncountry by making them understand their rights, facilities and advise them on\nreasonableness/discounting of lending rate by various institutions. The people\nwho are suffering from natural calamities are also extended help by the society.\nIt also has a potential in contributing