THE DIRECTOR OF INCOME TAX EXEMPTIONS vs. ISKCON CHARITIES
In the result, we do not find any merit in these appeals
ITA/415/2011HC Karnataka15 Sept 2020
Bench: ALOK ARADHE,H.T. NARENDRA PRASAD
Section 11Section 143(3)Section 147Section 148Section 260Section 260A
Trust was incorporated. It was
further held that sum of Rs.13,26,099/- was paid to
Jadu Works Private Limited, which was shown as a
provision and the same cannot be treated as provision
for bad and doubtful debts. Accordingly, the Assessing
Officer completed the assessment and levied tax and
penalty. The assessee thereupon filed an appeal before
the Commissioner