M/S. MANJEET KAUR MEMORIAL PREMIER INSTITUTE OF EDUCATION,GURGAON vs. ITO, GURGAON

In the result, the Appeal filed by the Assessee stands allowed

Bench: Shri H.S. Sidhu

property held under trust wholly for charitable or religious purpose, to the extent to which such income is applied, shall not be included in its total income. The Act also provides that upto 15% of the gross income received is accumulated and then the same shall also be exempt from the income of the trust. From the above

COMMISSIONER OF INCOME TAX vs. MEHTA CHARITABLE PRAJNALAY TRUST

Inasmuch as all that is required is for the settler of the trust to declare that the

property held under trust”. He made reference to clauses 19 and 20 of the trust deed in this behalf and noted that clause 19 provided that the trust may “carry on any business for or on behalf of or in the name of the trust for the sole object of supplying to income and profits thereof for the purposes

CIT vs. MEHTA CHARITABLE PRAJNALAYA TRUST

Inasmuch as all that is required is for the settler of the trust to declare that the

Bench: HON'BLE MR. JUSTICE S. RAVINDRA BHAT,HON'BLE MR. JUSTICE R.V.EASWAR

property held under trust". He made reference to clauses 19 and 20 of the trust deed in this behalf and noted that clause 19 provided that the trust may "carry on any business for or on behalf of or in the name of the trust for the sole object of supplying to income and profits thereof for the purposes

DIRECTOR OF INCOME TAX EXEMPTIONS vs. MEHTA CHARITABLE PRAJNALAY TRUST

Inasmuch as all that is required is for the settler of the trust to declare that the

Bench: HON'BLE MR. JUSTICE S. RAVINDRA BHAT,HON'BLE MR. JUSTICE R.V.EASWAR

property held under trust". He made reference to clauses 19 and 20 of the trust deed in this behalf and noted that clause 19 provided that the trust may "carry on any business for or on behalf of or in the name of the trust for the sole object of supplying to income and profits thereof for the purposes

CIT vs. MEHTA CHARITABLE PRAJNALAYA TRUST

Inasmuch as all that is required is for the settler of the trust to declare that the

Bench: HON'BLE MR. JUSTICE S. RAVINDRA BHAT,HON'BLE MR. JUSTICE R.V.EASWAR

property held under trust". He made reference to clauses 19 and 20 of the trust deed in this behalf and noted that clause 19 provided that the trust may "carry on any business for or on behalf of or in the name of the trust for the sole object of supplying to income and profits thereof for the purposes

CIT vs. MEHTA CHARITABLE PRAJNALAYA TRUST

Inasmuch as all that is required is for the settler of the trust to declare that the

property held under trust". He made reference to clauses 19 and 20 of the trust deed in this behalf and noted that clause 19 provided that the trust may "carry on any business for or on behalf of or in the name of the trust for the sole object of supplying to income and profits thereof for the purposes

COMMISSIONER OF INCOME TAX vs. MEHTA CHARITABLE PRAJNALAY TRUST

Inasmuch as all that is required is for the settler of the trust to declare that the

property held under trust". He made reference to clauses 19 and 20 of the trust deed in this behalf and noted that clause 19 provided that the trust may "carry on any business for or on behalf of or in the name of the trust for the sole object of supplying to income and profits thereof for the purposes

CIT vs. MEHTA CHARITABLE PRAJNALAYA TRUST

Inasmuch as all that is required is for the settler of the trust to declare that the

property held under trust". He made reference to clauses 19 and 20 of the trust deed in this behalf and noted that clause 19 provided that the trust may "carry on any business for or on behalf of or in the name of the trust for the sole object of supplying to income and profits thereof for the purposes

ADIT (E), NEW DELHI vs. FORTUNE SOCIETY FOR DEVELOPMENT AND PROMOTION OF INTERNATIONAL BUSINESS, NEW DELHI

In the result ground No. 2

Bench: Shri I.C.Sudhir & Shri Prashant Maharishiadit(E), Vs. Fortune Society For Tc-Ii, New Delhi Development & Promotion Of International Business, G-4, Community Centre, Naraina Vihar, New Delhi Pan:Aaatf0849L (Appellant) (Respondent)

charitable institutions, then there is no way to preserve the corpus of the trust for deriving the income. The Board also appears to have understood the " income " u/s. 11(1) in its commercial sense. The relevant portion of the Circular No. 5-P (LXX-6) of 1968, dated July 19, 1968, reads: "Where the trust derives income from house property

DIRECTOR OF INCOME TAX (EXEMPTION) vs. NATIONAL ASSOCIATION OF SOFTWARE AND SERVICE COMPANIES (NASSCOM)

In the result the appeals are disposed of as above with no order as to

property held under trust – (i) Created on or after the 1st day of April, 1952, for a charitable purposes which tends to promote international welfare in which India is interested, to the extent to which such income is applied to such purposes outside India, and (ii) For charitable or religious purposes, created before the 1st day of April

DIRECTOR OF INCOME TAX (EXEMPTION) vs. SERVICES COMPANIES

In the result the appeals are disposed of as above with no order as to

property held under trust – (i) Created on or after the 1st day of April, 1952, for a charitable purposes which tends to promote international welfare in which India is interested, to the extent to which such income is applied to such purposes outside India, and (ii) For charitable or religious purposes, created before the 1st day of April

ACIT (EXEMPTION), GHAZIABAD vs. M/S. DIVYA YOG MANDIR TRUST,, HARIDWAR

In the result, appeal filed by the revenue is dismissed

Bench: Shri H. S. Sidhu & Shri Prashant Maharishia Y 2010-11 Acit (Exemption) Vs Divya Yog Mandir Trust Circle, Cgo-1 Kripalu Bag, Hapur Road, Kankhal, Haridwar Ghaziabad (Pan Aaatd1114E) (Appellant) (Respondent)

house and made available in the sales counters managed by the appellant. We fully agree with the above submission that Ld. AR made in rejoinder that there is no substance in the allegations of Ld. CIT(DR) that there was violation of trust deed by the appellant in accepting membership fees and prescribing allopathic medicines to its patients

DCIT (EXEMPTION), GHAZIABAD vs. M/S. DIVYA YOG MANDIR TRUST, HARIDWAR

In the result, appeal filed by the revenue is dismissed

Bench: Shri Sudhanshu Srivastava & Shri O.P. Kantassessment Year: 2013-14 Dcit(Exemptions), Divya Yog Mandir Trust, Room No. 105, 1St Floor, Kripalu Bagh, Cgo-Ii, Vs Kankhal, Kamla Nehru Nagar, Haridwar. Ghaziabad. (Pan: Aaatd1114E) Appellant Respondent Department By: Ms Nidhi Srivastava, C.I.T. Dr Assessee By: Shri Rohti Jain, Advocate Date Of Hearing: 29.07.2019 Date Of Pronouncement: 31.07.2019 O R D E R

house and made available in the sales counters managed by the appellant. We fully agree with the above 35 Assessment year 2013-14 submission that Ld. AR made in rejoinder that there is no substance in the allegations of Ld. CIT(DR) that there was violation of trust deed by the appellant in accepting membership fees and prescribing allopathic medicines

DCIT (EXEMPTION), GHAZIABAD vs. OM CHARITABLE TRUST, MEERUT

In the result, Cross Objection of the assessee is allowed for statistical purposes

Bench: Shri Bhavnesh Saini & Shri O.P. Kantassessment Year: 2011-12

house for themselves are unconfirmed and remain a mere suspicion only. It is premature to hold a prejudice that the land purchased and the flats subscribed are not going to serve the interest of the objects of the trust especially in the absence of any evidence to the contrary. The investments in immovable properties are made in furtherance of objects

DIRECTOR OF INCOME TAX (EXEMPTION) vs. M/S INDRAPRASTHA CANCER SOCIETY

charitable institutions, then there is no way to preserve the corpus of the trust for deriving the income. The Board also appears to have understood the " income " u/s. 11(1) in its commercial sense. The relevant portion of the Circular No. 5-P (LXX-6) of 1968, dated July 19, 1968, reads: “Where the trust derives income from house property

G D EDUCATIONAL SOCIETY,NOIDA vs. JCIT, RANGE- 1, NOIDA

In the result, the appeal of the assessee is allowed

Bench: Shri R. K. Panda & Ms Suchitra Kamble

property of the appellant held under trust wholly for charitable purpose or whatever else. The bogus claim of the appellant was correctly rejected by the ld. A.Os. 97. Even otherwise also the claim of the appellant being an afterthought in any case is not borned by the records of the appellant itself. The balance sheet of the appellant

G D EDUCATIONAL SOCIETY,NOIDA vs. JCIT, RANGE- 1, NOIDA

In the result, the appeal of the assessee is allowed

Bench: Shri R. K. Panda & Ms Suchitra Kamble

property of the appellant held under trust wholly for charitable purpose or whatever else. The bogus claim of the appellant was correctly rejected by the ld. A.Os. 97. Even otherwise also the claim of the appellant being an afterthought in any case is not borned by the records of the appellant itself. The balance sheet of the appellant

G D EDUCATIONAL SOCIETY,NOIDA vs. JCIT, RANGE- 1, NOIDA

In the result, the appeal of the assessee is allowed

Bench: Shri R. K. Panda & Ms Suchitra Kamble

property of the appellant held under trust wholly for charitable purpose or whatever else. The bogus claim of the appellant was correctly rejected by the ld. A.Os. 97. Even otherwise also the claim of the appellant being an afterthought in any case is not borned by the records of the appellant itself. The balance sheet of the appellant