INCOME TAX OFFICER, JAIPUR vs. RVCF TRUST-II, JAIPUR, JAIPUR

In the result, the appeal of the Revenue is dismissed

Bench: The Income Tax Appellate Tribunal, Jaipur Within 30 Days I.E. On Or Before 13.06.2022. In View Of The Above The Physical Appeal Was Filed On 19.05.2022 Well Before 12.06.2022 As Directed In The Said Mail.

charitable trust within the definition of section 2(15) of the I.T. Act . It is claimed that the income was passed through to the beneficiaries in accordance with the provisions of Section 161 to 164 of the I.T. Act, such income has been offered for taxation by the beneficiaries in their respective return of income and they have paid

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

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

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

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

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 (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

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

PORWAL YUVAK SANGH KOTA,KOTA vs. CIT EXEMPTION, JAIPUR

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

Bench: Dr. S. Seethalakshmi & Shri Gagan Goyal

income of the trust for charitable purpose established for benefit of a particular religious community. The said view may not be the correct interpretation of the provision. [Para 44] From the phraseology in clause (b) of section 13(1), it could be inferred that the Legislature intended to include only the trusts established for charitable purposes. That however does

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