THE COMMISSIONER OF INCOME TAX vs. M/S KRUPANIDHI EDUCATIONAL TRUST
In the result, the appeal stands dismissed
ITA/47/2013HC Karnataka22 Oct 2021
Bench: S.SUJATHA,RAVI V HOSMANI
Section 12ASection 13Section 260
purchased a BMW car
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(iv) the Assessee was availing loans in cash
from Sindhi financiers and was repaying in
cash;
(v)
the
assessee
was
not
maintaining
accounts on a regular basis; the assessee
was migrating from a particular software to
another software;
(vi) the assessee violated 13 (1) (c) of the Act;
and
(vii) the original trust deed dated
