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8 results for “section 68”+ Section 12A(1)(ac)clear

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Key Topics

Section 12A20Exemption8Section 12A(1)(ac)7Section 233Section 33Deduction3Section 112

MYADAM KISHAN RAO CHARITABLE TRUST,HYDERABAD vs. COMMISSIONER OF INCOME TAX (EXEMPTIONS), HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 445/HYD/2023[2022-23]Status: DisposedITAT Hyderabad28 Jun 2024AY 2022-23

Bench: Shri Manjunatha G., Hon'Ble & Shri K.Narasimha Chary, Hon'Ble

For Appellant: Shri A.V. Raghu Ram, ARFor Respondent: Ms. TH. Vijaya Lakshmi, CIT-DR
Section 11Section 12ASection 12A(1)(ac)Section 34

12A(1)(ac) of the Act, it is abundantly clear that the objects of the Trust are charitable in nature and the Trust is carried out its activities in accordance with its objects. Therefore, in light of above undisputed facts it is necessary to examine the reasons given by the Ld.CIT(E) in their order

BHARGAVI SAJJA,TELANGANA vs. ACIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 774/HYD/2025[2019-2020]Status: DisposedITAT Hyderabad08 Aug 2025AY 2019-2020

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

For Appellant: Shri Pawan Kumar Chakrapani, C.AFor Respondent: Shri Narender Kumar Naik
Section 12ASection 12A(1)(ac)

12A(1)(ac)(iii) of the Act in Form No. 10AB on 27.08.2024. The Ld. CIT(E), however, rejected the application for registration under section 12AB of the Act vide order dated 13.02.2025 passed in Form No. 10AD, stating that the activities of the trust were not found to be in accordance with its stated objects

FEHMICARE FOUNDATION,HYDERABAD vs. CIT (EXEMPTIONS), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 733/HYD/2025[-]Status: DisposedITAT Hyderabad18 Jul 2025

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

For Appellant: Shri Pawan Kumar Chakrapani, C.AFor Respondent: Shri Narender Kumar Naik
Section 12ASection 12A(1)(ac)

12A(1)(ac)(iii) of the Act in Form No. 10AB on 27.08.2024. The Ld. CIT(E), however, rejected the application for registration under section 12AB of the Act vide order dated 13.02.2025 passed in Form No. 10AD, stating that the activities of the trust were not found to be in accordance with its stated objects

FEHMICARE FOUNDATION,HYDERABAD vs. CIT (EXEMPTIONS), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 734/HYD/2025[-]Status: DisposedITAT Hyderabad18 Jul 2025

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

For Appellant: Shri Pawan Kumar Chakrapani, C.AFor Respondent: Shri Narender Kumar Naik
Section 12ASection 12A(1)(ac)

12A(1)(ac)(iii) of the Act in Form No. 10AB on 27.08.2024. The Ld. CIT(E), however, rejected the application for registration under section 12AB of the Act vide order dated 13.02.2025 passed in Form No. 10AD, stating that the activities of the trust were not found to be in accordance with its stated objects

ANDHRA PRADESH ADVOCATES WELFARE FUND,HYDERABAD vs. INCOME TAX OFFICER, WARD-8(2), HYDERABAD,

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

ITA 664/HYD/2023[2018-19]Status: DisposedITAT Hyderabad24 Jul 2024AY 2018-19

Bench: SHRI K.NARASIMHA CHARY (Judicial Member), SHRI MADHUSUDAN SAWDIA (Accountant Member)

For Appellant: Shri P.R. Suresh, C.AFor Respondent: Shri Kumar Pranav, CIT(DR) &
Section 23Section 3

ac"vi"es within the mutual en"ty where contributors and beneficiaries are the same. 45. Such a principle was again reaffirmed in Bangalore Club vs. Commissioner of Income Tax, (2013) 5 SCC 509, where Hon’ble Supreme Court held that interest income earned from fixed deposits in banks by clubs is taxable. The involvement of third par"es, such

ANDHRA PRADESH ADVOCATES WELFARE FUND,HYDERABAD vs. INCOME TAX OFFICER, WARD 8(2), HYDERABAD, HYDERABAD

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

ITA 663/HYD/2023[2017-18]Status: DisposedITAT Hyderabad24 Jul 2024AY 2017-18

Bench: SHRI K.NARASIMHA CHARY (Judicial Member), SHRI MADHUSUDAN SAWDIA (Accountant Member)

For Appellant: Shri P.R. Suresh, C.AFor Respondent: Shri Kumar Pranav, CIT(DR) &
Section 23Section 3

ac"vi"es within the mutual en"ty where contributors and beneficiaries are the same. 45. Such a principle was again reaffirmed in Bangalore Club vs. Commissioner of Income Tax, (2013) 5 SCC 509, where Hon’ble Supreme Court held that interest income earned from fixed deposits in banks by clubs is taxable. The involvement of third par"es, such

ANDHRA PRADESH ADVOCATES WELFARE FUND,HYDERABAD vs. INCOME TAX OFFICER, WARD 8(2), HYDERABAD

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

ITA 662/HYD/2023[2016-17]Status: DisposedITAT Hyderabad24 Jul 2024AY 2016-17

Bench: SHRI K.NARASIMHA CHARY (Judicial Member), SHRI MADHUSUDAN SAWDIA (Accountant Member)

For Appellant: Shri P.R. Suresh, C.AFor Respondent: Shri Kumar Pranav, CIT(DR) &
Section 23Section 3

ac"vi"es within the mutual en"ty where contributors and beneficiaries are the same. 45. Such a principle was again reaffirmed in Bangalore Club vs. Commissioner of Income Tax, (2013) 5 SCC 509, where Hon’ble Supreme Court held that interest income earned from fixed deposits in banks by clubs is taxable. The involvement of third par"es, such

RAVI RISHI EDUCATIONAL SOCIETY ,HYDERABAD vs. ACIT CENTRAL CIRCLE-2 (4), HYDERABAD

In the result, the solitary ground raised by the Revenue in the appeals are dismissed

ITA 146/HYD/2022[2017-18]Status: PendingITAT Hyderabad19 Jul 2022AY 2017-18

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2017-18 Ravi Rishi Educational A.C.I.T. Society, Hyderabad Central Circle 2(4) Pan:Aaaar1952M Hyderabad (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao Revenue By: Shri Esthen N Hangal, Dr Date Of Hearing: 07/06/2022 Date Of Pronouncement: 19/07/2022 Order Per R.K. Panda, A.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 21/04/2022 Of The Learned Cit (A)-12, Hyderabad Relating To A.Y.2017-18. 2. Facts Of The Case, In Brief, Are That The Assessee Is An Aop & Registered U/S 12A Of The I.T. Act Vide Proceedings Of The Director Of Income Tax (Exemption) Hyderabad In F.No.Hqrs/I/15/12A/Dit(E) Dated 27.02.2003. The Assessee Filed Its Original Return Of Income For The A.Y 2017-18 On 06.11.2017 Admitting Total Income Of Rs.Nil. M/S. Ravi Rishi Educational Society Is Run By Close Family Members Mr.N.Rajababu, Mr.Ramesh Babu, Mrs. N. Sulochana, Mrs. N. Yashoda, Mrs. N.

For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri Esthen N Hangal, DR
Section 11Section 12ASection 132Section 143(3)Section 153A

12A of the I.T. Act vide proceedings of the Director of Income Tax (Exemption) Hyderabad in F.No.HQrs/I/15/12A/DIT(E) dated 27.02.2003. The assessee filed its original return of income for the A.Y 2017-18 on 06.11.2017 admitting total income of Rs.Nil. M/s. Ravi Rishi Educational Society is run by close family members Mr.N.Rajababu, Mr.Ramesh Babu, Mrs. N. Sulochana, Mrs. N. Yashoda