M/S BANGALORE URBAN AND RURAL vs. THE DIRECTOR OF INCOME - TAX

In the result, the appeals are allowed to the

Bench: S.SUJATHA,JAYANT PATEL

50 YEARS SON OF SRI CHIKKAAPPAYANNA. ….APPELLANT (BY SRI.S.PARTHASARATHI, ADVOCATE) AND THE DIRECTOR OF INCOME TAX (EXEMPTIONS) 3RD FLOOR, CR BUILDINGS 2 QUEENS ROAD BANGALORE-560 001. …RESPONDENT (BY SRI. K.V.ARAVIND, ADVOCATE) THESE APPEALS ARE FILED UNDER SECTION 260-A OF INCOME TAX ACT 1961, TO SET ASIDE THE ORDERS PASSED BY THE ITAT BANGALORE IN ITA NOs.301 AND 302/BNG/2009

SRI AVINASH LALA CHANDANI vs. SRI P A NIRANJAN

Bench: The Hon'Ble Mr. Justice A.V.Chandrashekara

50 of Karnataka Rent Act 1961 is not narrow as found in Section 115 of CPC and that revisional Court is required to satisfy itself not only as to the legality of the impugned order but also of its correctness. It is further made clear by the Hon’ble Apex Court that the power extends to correcting not merely errors

THE PR. COMMISSIONER OF INCOME TAX (4) vs. M/S CHAMUNDI WINERY AND DISTILLERY

Bench: S.SUJATHA,VINEET KOTHARI

section 60 of the Income-tax Act, 1961, applied. On a reference, the High Court held that on assignment of 50 per cent. of the share of the assessee in the firm it became the income of the trust by overriding title and it could not be added to the income of the assessee. On appeal to the Supreme Court

PR. COMMISSIONER OF INCOME TAX vs. M/S CHAMUNDI WINERY AND DISTILLERY

Bench: S.SUJATHA,VINEET KOTHARI

section 60 of the Income-tax Act, 1961, applied. On a reference, the High Court held that on assignment of 50 per cent. of the share of the assessee in the firm it became the income of the trust by overriding title and it could not be added to the income of the assessee. On appeal to the Supreme Court

THE COMMISSIONER OF INCOME TAX vs. THE BAGALKOT TOWN DEVELOPMENT AUTHORITY

Bench: S.ABDUL NAZEER,P.S.DINESH KUMAR

Trust and not having submitted Form No.10 and not having applied 85% of income towards Charitable & Religious purposes is entitled for exemption under Section 11 of the Income Tax Act, 1961 (‘Act’ for short). At the outset, he adverted to the provisions 5 of Section 11 and Rule 17 of the Income Tax Rules, 1962 (‘Rules’ for short) and contended

SRI B V ACHARYA S/O LATE RAMACHANDRA ACHARYA vs. SRI N VENKATESHAIAH

Bench: V.JAGANNATHAN

charitable trust called “Smt.Lakshmamma B.M.Sreenivasaiah Charities” and the trust was a registered trust and came into existence on 14.12.1995. It was also averred in the complaint that the trust was founded as per the will of late B.S.Narayan, son of late B.M.Sreenivasaiah and as per the trust deed, the complainant and one Sathyanarayana Swamy were appointed as the first

A H MEMORIAL EDUCATIONAL TRUST vs. THE STATE OF KARNATAKA

Bench: The Hon'Ble Mr. Justice M. Nagaprasanna Writ Petition No.16323 Of 2021 (Lb-Res) C/W Writ Petition No.51640 Of 2017 (Lb- Tax) Writ Petition No.19423 Of 2021 (Lb- Tax) Writ Petition No.20385 Of 2021 (Lb- Res) Writ Petition No.21130 Of 2021 (Lb- Tax) In Writ Petition No.16323 Of 2021 Between: 1. Indus Trust Having Its Registered Office At Billapura Cross, Sarjapura, Bengaluru - 562 125 Represented By Its Group Chief Financial Officer Mr V.S.Kumar, S/O Late Rama Rao C., Aged About 59 Years. 2. Indus International School Private Limited (Iispl) Having Its Registered Office At Billapura Cross, Sarjapur, Bengaluru - 562 125 Represented By Its Group Chief Financial Officer, Mr V.S.Kumar

TRUST v. THE SAMANDUR 21 GRAMA PRANCHAYAT AND ANOTHER2 interpreting exemption under Rule 6(c) of the Rules has held as follows: “5. Indisputably, Sec. 199 of the Act controls the levy of taxes, rate etc., by Grama Panchayats. sub.Sec. (1) states that the manner and subject to such exemptions, as may be prescribed, the Grama Panchayat could levy taxes

AZIM PREMJI TRUSTEE COMPANY PVT LTD vs. DEPUTY COMMISSIONER OF INCOME TAX

In the result, I pass the following:-

Bench: The Hon'Ble Mr.Justice S.R.Krishna Kumar

charitable entity belonging to the Azim Premji Group, to 4 be held as a part of the corpus of Trust. This gift was contemporaneously disclosed to the stock exchanges and this information was also disseminated to the public at large. This gift was also specifically disclosed in the audited accounts of the petitioner for the year ending 31.03.2014. The face

M/S SSJV PROJECTS PRIVATE LIMITED vs. M/S ALLAHABAD BANK

In the result, the writ appeals are disposed in

Bench: B.V.NAGARATHNA,R. NATARAJ

50. The object of the Act is to regulate the securitisation and reconstruction of financial assets and enforcement of the security interest and to provide for a central database of the security interests created on property rights, and for matters connected therewith or incidental thereto. Chapter III deals with the enforcement of security interests which comprises of Sections

SRI U M RAMESH RAO vs. UNION BANK OF INDIA

In the result, the writ appeals are disposed in

Bench: B.V.NAGARATHNA,R. NATARAJ

50. The object of the Act is to regulate the securitisation and reconstruction of financial assets and enforcement of the security interest and to provide for a central database of the security interests created on property rights, and for matters connected therewith or incidental thereto. Chapter III deals with the enforcement of security interests which comprises of Sections

MASTER BALACHANDAR KRISHNAN vs. THE STATE OF KARNATAKA

Bench: B.V.NAGARATHNA,RAVI V HOSMANI

charitable trust with the object of, inter alia, establishing, maintaining and running of a model law college in India. The BCI Trust formed the National Law School of India Society—which was registered under the Karnataka Societies Registration Act, 1960, comprising members of the Bar and legal academics to establish a leading national institution for legal studies. The Society approached

SRI DAYARAM DAS vs. INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

Bench: ANAND BYRAREDDY

50 years. …PETITIONERS (By Shri D.R.Ravishankar, Advocate) 2 AND: 1. Institute of Charter Accountants Of India, “ICAI Bhawan”, Indraprastha Marg, Post Box No.7100, Represented by its Director, New Delhi 110 002. 2. Mr. V.L.Varadarajan, Major, 123/1, 2nd Cross, 5th Main, 1st Block, 1st Stage, HBR Layout, Bangalore 560 043. … RESPONDENTS (By Shri S. Sriranga, Advocate for Respondent No.1; Shri Srinivasa

THE COMMISSIONER OF INCOME TAX vs. M/S PEOPLES EDUCATION SOCIETY

The appeals are dismissed

Bench: N.KUMAR,RATHNAKALA

50 Feet Road, Hanumanth Nagar, BSK 2nd Stage, Bangalore-560 050. .. RESPONDENT (common in both appeals) (By Sri.K.R.Prasad, Adv. in ITA No.56/07; Sri A. Shankar & Sri M. Lava, Advs. in ITA 316/07) I.T.A.No.56/2007 is filed under Section 260A of the Income Tax Act, 1961 arising out of Order dated 05-6-2006 passed in ITA No. 1843/Bang/2005

RAJARAJESHWARI MEDICAL COLLEGE & HOSPITAL vs. UNION OF INDIA

Bench: G.NARENDAR,N.KUMAR

Charitable and Educational Trust. The Medical Council of India by its order dated 13.8.2010 granted recognition under Section 11 (2) of the Medical Council Act, 1956 (for short hereinafter to as ‘the Act’) to the petitioner for an intake of 100 MBBS seats. The petitioner had the infrastructure and other facilities for an intake of 100 students for MBBS course

SHRI. JAGANNATH S SHETTY vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX

The appeal is allowed

Bench: The Hon'Ble Mr. Justice H.P. Sandesh

Section 16(c) and also paid advance of Rs.6,00,000/- and the same is more than 50% of the amount. Learned counsel also would vehemently contend that both the Courts have given concurrent finding and the same does not require any interference and contend that additional documents which have been produced are not helpful to the 33 appellant

SMT. S. JALAJA vs. UNION OF INDIA

In the result, writ appeals are allowed

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

CHARITABLE TRUST Vs. THE GOVT. OF TAMIL NADU', (2018) LAWS (MAD)3 918. It is further submitted that right to property has been recognized by Article 17 of Universal Declaration of Human Rights in the year 1948 itself which was diluted by the Parliament by inserting Article 31A in the Constitution. It is further submitted that right to hold property

PR. COMMISSIONER OF vs. M/S NOVO NORDISK INDIA

Bench: S.SUJATHA,VINEET KOTHARI

Section 166 of the Act on the ground that he was working as Chartered Accountant and was earning Rs.84,000/- p.m. It was pleaded that he also spent huge amount towards medical expenses, conveyance, etc. It was further pleaded that the accident occurred purely on account of the rash and negligent driving of the offending vehicle by its driver

M/S TEACHERS CO OPERATIVE BANK vs. UNION OF INDIA

Bench: The Hon’Ble Mr.Justice Aravind Kumar

CHARITABLE FUND TRUST NO.3, MILLER TANK BUND ROAD CUNNINGHAM ROAD, BANGALORE -560052 BY ITS CHIEF EXECUTIVE OFFICER SRI MOHAMMED ALI KHAN S/O LATE ABDUL GAFFAR KHAN, AGED: 37 YEARS. 19. ROOPASHRI SHANKAR CHINDALUR W/O C G SHIVASHANKAR, AGED: 34 YEARS, 105, SATHYASHREE, SERPENTINE ROAD KUMARA PARK WEST, BANGALORE -560020. 20. P. CHAKRAVARTHY S/O PERUMAL, AGED: 43 YEARS NO.38, SEETHAPPA LAYOUT