THE DIRECTOR OF INCOME TAX EXEMPTIONS vs. AL-AMEEN CHARITABLE FUND TRUST

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE COMMISSIONER OF INCOME TAX vs. M/S KARNATAKA REDDY JANASANGHA

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE DIRECTOR OF INCOME TAX vs. INTERNATIONAL INSTITUTE OF INFORMATION TECHNOLOGY

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE DIRECTOR OF INCOME TAX vs. M/S GOKULA EDUCATION FOUNDATION (MEDICAL)

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

COMMISSIONER OF INCOME vs. SRI ADICHUNCHANAGIRI

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE COMMISSIONER OF INCOME TAX vs. SRI ADICHUNCHUNGIRI

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE DIRECTOR OF INCOME TAX vs. M/S GOKULA EDUCATION FOUNDATION

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

depreciation or otherwise in respect of any asset, acquisition of which has been claimed as an application of income under this section in any previous year, and 24 (ii) where a trust or an institution has been granted registration under clause (b) of sub-section (1) of section 12AA or has obtained registration at any time under section 12A

THE COMMISSIONER OF vs. THE KARNATAKA STATE

Bench: ABHAY SHREENIWAS OKA (CJ),S.G.PANDIT

depreciation on the assets acquired by the respondents-assesses. It is a matter of record that all the assesses are charitable institutions registered under section 12A

THE PR.COMMISSIONER OF INCOME TAX, CIT (A) vs. M/S AGRICULTURAL PRODUCE MARKET COMMITTEE

Bench: S.SUJATHA,VINEET KOTHARI

12A of the Act. Date of Judgment 19-06-2018, ITA No.239/2011 c/w ITA No.107/2017 The Commissioner of Income Tax & another Vs. M/s Agricultural Produce Market Committee 4/17 2. In the first round appeal before the learned Tribunal, vide Order Annexure-C dated 8.3.2011, the learned Tribunal held that the Revisional Order passed by the Commissioner of Income Tax under

THE COMMISSIONER OF INCOME-TAX vs. M/S AGRICULTURAL PRODUCE MARKET COMMITTEE

Bench: S.SUJATHA,VINEET KOTHARI

12A of the Act. Date of Judgment 19-06-2018, ITA No.239/2011 c/w ITA No.107/2017 The Commissioner of Income Tax & another Vs. M/s Agricultural Produce Market Committee 4/17 2. In the first round appeal before the learned Tribunal, vide Order Annexure-C dated 8.3.2011, the learned Tribunal held that the Revisional Order passed by the Commissioner of Income Tax under

COMMISIONER OF INCOME TAX (EXEMPTIONS) vs. MANIPAL HOTEL & RESTAURANT

Bench: S.SUJATHA,VINEET KOTHARI

depreciation claimed by the assessee ignoring the fact that the entire cost of asset has been fully allowed as application of income under Section 12A

COMMISSIONER OF INCOME TAX vs. MANIPAL HOTEL & RESTAURANT MANAGEMENT

Bench: S.SUJATHA,VINEET KOTHARI

depreciation claimed by the assessee ignoring the fact that the entire cost of asset has been fully allowed as application of income under section 12A

THE COMMISSIONER OF INCOME TAX vs. ISLAMIC ACADEMY OF EDUCATION

The appeal stands disposed of

Bench: B.MANOHAR,VINEET SARAN

depreciation loss to be carried forward of Rs.1,51,51,332/- by the Assessing Officer was liable to be set aside?” 3. Learned counsel for the parties have jointly submitted that the first question involved in this appeal is covered by the decision of this Court in the case of Commissioner of Income Tax –vs- M/s.Islamic Academy of Education

THE COMMISSIONER OF INCOME TAX vs. ISLAMIC ACADEMY OF EDUCATION

The appeal stands disposed of

Bench: B.MANOHAR,VINEET SARAN

depreciation and expenditure after deducting admitted income worked out to Rs.62,16,710/- by the Assessing Officer was liable to be set aside?” 3 3. Learned counsel for the parties have jointly submitted that the first question involved in this appeal is covered by the decision of this Court in the case of Commissioner of Income Tax –vs- M/s.Islamic Academy

M/S NANDI STEELS LIMITED vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

In the result, the findings

Bench: ALOK ARADHE,R. NATARAJ

depreciation is claimed under clause (i) of sub-section (1) of section 32; and (c) which was or has been used for the purposes of business, is sold, discarded, demolished or destroyed and the moneys payable in respect of such building, machinery, plant or furniture, as the case may be, together with 16 the amount of scrap value

THE DIRECTOR OF INCOME TAX EXEMPTIONS vs. ISKCON CHARITIES

In the result, we do not find any merit in these appeals

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

depreciation has to be allowed to 11 the assessee viz., a Charitable Trust also, as expenditure on acquisition of assets, which has to be computed in commercial manner even though, the Trust may not be carrying on any business. In this regard, our attention has also been invited to the Circular issued by Central Board of Direct Taxes dated

COMMISISONER OF INCOME TAX vs. OHIO UNIVERSITY CHRIST COLLEGE

Bench: S.SUJATHA,VINEET KOTHARI

12A as a charitable institution. It is also not disputed that the activities of the assessee are Date of Judgment: 17.07.2018 in ITA Nos.312 & 313 of 2016 Commissioner of Income-tax & another vs. Ohio University Christ College 14/47 charitable. It is also not the case of the Revenue that the expenditure incurred by the assessee in Hanover, Germany

THE COMMISSIONER OF INCOME EXEMPTION vs. M/S CANARA BANK

Bench: CHIEF JUSTICE,C M JOSHI

12A of the Income Tax Act, 1961 [the Act] since 06.01.1982. 6. The Assessee had filed its return of income for AY 2016-17 claiming exemption under Section 11 of the Act and declared 'NIL Income". The Assessee's return was selected for scrutiny and the assessment proceedings culminated in an Assessment Order dated 25.12.2018 passed under Section