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
