RAMJIDAS BUDHRAJA CHARITABLE TRUST (SGM),CHHINDWARA vs. INCOME TAX OFFICER EXEMPTION, JABALPUR

In the result, the appeal of the assessee is dismissed

Bench: Shri Kul Bharat & Shri Anadee Nath Misshra

1. The brief facts giving rise to this appeal are that assessee is a charitable trust running educational institutions under the name and style of Ram Shanti Vidya Mandir, Ram Shanti College of Higher Education and Ram Shanti D.El.Ed. College. The separate books of accounts are maintained for each institution and they are consolidated in the books of account

SHRI NAMIYUN PARSWANATH JAIN, SWETAMBER MANIDHARI TRUST,JABALPUR vs. INCOME TAX OFFICER(EXEMPTION), JABALPUR

In the result, impugned order is set aside and appeal by assessee is allowed for statistical purposes”

charitable trust registered under section 12AA of the Act and has been purportedly enjoying the benefits of section 11 since 2011. In the impugned assessment year the benefit of exemption under section 11 of the Act has been denied to the assessee for the reason that assessee has failed to furnish audit report along with return of income. The contention

KRISHI UPAJ MANDI SAMITI,NARSINGPUR vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 2(1), JABALPUR

In the result, both the appeals are partly allowed for statistical purposes

Bench: Shri Anadee Nath Misshra

143(3) of Income Tax Act, 1961 (“Act”, for short) whereby the following additions were made: disallowance of Rs.26,42,218/- u/s 40(a)(iib) of I.T. Act and disallowance of Rs.53,328/- u/s 43B of I.T. Act. The assessee’s appeal against the assessment order was dismissed by the Ld. CIT(A) vide impugned appellate order dated

KRISHI UPAJ MANDI SAMITI ,NARSINGPUR vs. ASST. COMMISSIONER OF INCOMETAX, CIRCLE 2(1), JABALPUR

In the result, both the appeals are partly allowed for statistical purposes

Bench: Shri Anadee Nath Misshra

143(3) of Income Tax Act, 1961 (“Act”, for short) whereby the following additions were made: disallowance of Rs.26,42,218/- u/s 40(a)(iib) of I.T. Act and disallowance of Rs.53,328/- u/s 43B of I.T. Act. The assessee’s appeal against the assessment order was dismissed by the Ld. CIT(A) vide impugned appellate order dated