WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

charitable or religious\npurposes, to the extent to which such income is applied to such purposes in\nIndia. There is no exhaustive definition of the words \"property held under\ntrust\" in the Act, however, sub-section (4) says that for the purposes of section\n11, the words \"Property held under trust\" \"includes a business

WHOLE SALE CLOTH MERCHANT ASSOCIATION ,KOTA vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE KOTA , KOTA

In the result, the appeals of the assessee in ITA no

charitable or religious\npurposes, to the extent to which such income is applied to such purposes in\nIndia. There is no exhaustive definition of the words \"property held under\ntrust\" in the Act, however, sub-section (4) says that for the purposes of section\n11, the words \"Property held under trust\" \"includes a business

OM KOTHARI FOUNDATION,JAIPUR, RAJASTHAN vs. ITO, (EXEMPTION) WARD-1, JAIPUR, JAIPUR, RAJASTHAN

In the result, the appeals of the assessee in ITA No

Bench: SHRI SANDEEP GOSAIN (Judicial Member), DR MITHA LAL MEENA (Accountant Member)

trust by trustees etc. It does not say that application of income should be such that it may necessarily result in revenue expenditure. The charitable purpose may, in a given case, require for its fulfilment purchase of a capital asset and where income is applied for purchase of such a capital asset, it would be still be application of income

CENTRE FOR DEVELOPMENT COMMUNICATION TRUST,JAIPUR vs. COMMISSIONER OF INCOME TAX EXEMPTION, JAIPUR

business which is incidental to\nthe attainment of its objectives; or\n(c) the trust or institution has applied any part of its income from the property held under\na trust for private religious purposes, which does not enure for the benefit of the public; or\n(d) the trust or institution established for charitable

URBAN IMPROVEMENT TRUST (NOW KOTA DEVELOPMENT AUTHORITY),KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee’s income is found to be not chargeable under the Income Tax Act at all and the AO is directed to delete the additions made, irrespective of the head of income

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalacit, Exemption, Circle, Jaipur ...... Appellant Vs.

business. 7. Whether Ld. CIT(A) is justified in allowing deduction from the amount of Rs. 908.46 lakhs under the head receipts from land regularization and conversion and Nagariya Kar (Lease Rental) considering the same as share of receipts payable to the other parties and holding that the same do not partake the character of income of the assessee

ACIT, EXEMPTIONS, CIRCLE , JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee’s income is found to be not chargeable under the Income Tax Act at all and the AO is directed to delete the additions made, irrespective of the head of income

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyalacit, Exemption, Circle, Jaipur ...... Appellant Vs.

business. 7. Whether Ld. CIT(A) is justified in allowing deduction from the amount of Rs. 908.46 lakhs under the head receipts from land regularization and conversion and Nagariya Kar (Lease Rental) considering the same as share of receipts payable to the other parties and holding that the same do not partake the character of income of the assessee

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7. Whether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

URBAN IMPROVEMENT TRUST (NOW KOTA DEVELOPMENT AUTHORITY),KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

DCIT, EXEMPTIONS, CIRCLE, JAIPUR, JAIPUR vs. URBAN IMPROVEMENT TRUST, KOTA

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7. Whether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

URBAN IMPROVEMENT TRUST,KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

URBAN IMPROVEMENT TRUST (NOW KOTA DEVELOPMENT AUTHORITY),KOTA vs. DCIT (EXEMPTIONS), CIRCLE, JAIPUR, JAIPUR

In the result, the assessee's income is found to be not chargeable\nunder the Income Tax Act at all and the AO is directed to delete the additions\nmade, irrespective of the head of income

business.\n7.\nWhether Ld. CIT(A) is justified in allowing deduction from the amount of Rs.\n908.46 lakhs under the head receipts from land regularization and conversion and\nNagariya Kar (Lease Rental) considering the same as share of receipts payable to the\nother parties and holding that the same do not partake the character of income of\nthe assessee

GOLDEN INDIA FOUNDATION,JAIPUR vs. ITO,EXEMPTION WARD,, AJMER

In the result, the appeal of the assessee is allowed

Bench: Hon’ble SHRI SANDEEP GOSAIN, JUDICIAL MEMBER vk;dj vihy la-@ITA No. 98/JP/2023 fu/kZkj.k o"kZ@Assessment Year : 2016-17 M/s. Golden India Foundation AA-13, Jay Ambey Nagar, Opp. Old Jaipur Hospital, Tonk Road, Jaipur cuke Vs. The ITO Exemption- Ward Ajmer LFkk;h ys[kk la-@thvkbZvkj la-@PAN/GIR No.: AABTG 3675 L vihykFkhZ@Appellant izR;FkhZ@Respondent fu/kZkfjrh dh vksj ls@ Assessee by : Shri C.L. Yadav, CA jktLo dh vksj ls@ Revenue by: Mrs. Monisha Choudhary, Addl. CIT lquokbZ dh rkjh[k@ Da

business. If, however, the object of the trust is advancement of education and granting of scholarship loans as only one of the activities carried on for the fulfillment of the objectives of the trust, granting of loans, even if interest-bearing, will amount to the application of income for charitable

ICON FOUNDATION,JAIPUR vs. CIT EXEMPTION, JAIPUR

In the result, both the appeals of the assessee are allowed for\nstatistical purposes

Income Tax Act, which defines \"charitable\npurpose\" to include relief of the poor, education, and medical relief. The appellant's\nactivities fall squarely within this definition, and there is no reason to deny the benefit of\nregistration under section 12AB. Therefore, the rejection order passed by ld. CIT(E) is\nnot accordance in law and therefore deserves to be quashed

JAIPUR ENGINEERING COLLEGE JAIPUR RAJASTHAN SOCIETY,JAIPUR vs. CIRCLE (EXEMPTION), JAIPUR, JAIPUR

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

Bench: DR. S. SEETHALAKSHMI (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

trust wholly for charitable or religious purposes. If such income consists of severable portions, exempt as well as taxable, the portion which is exempt is to be left out and the portion which is not exempt is charged to tax as if it is the income of an AOP. Therefore, a proviso was inserted by the Finance Act, 1984 w.e.f