THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

79 of the Act would not be attracted. 20 19. Accordingly, we answer the first question in favour of the assessee and against the Revenue, and confirm the finding of the Tribunal in this regard. 20. Question No.2: This question relates to the entitlement of the assessee for grant of deduction under Section 35AB of the Act, in respect

THE COMMISSIONER OF INCOME TAX vs. M/S AMCO POWER SYSTEMS LTD.,

Bench: B.MANOHAR,VINEET SARAN

79 of the Act would not be attracted. 20 19. Accordingly, we answer the first question in favour of the assessee and against the Revenue, and confirm the finding of the Tribunal in this regard. 20. Question No.2: This question relates to the entitlement of the assessee for grant of deduction under Section 35AB of the Act, in respect

PR. COMMISSIONER OF INCOME TAX vs. M/S. MEDICAL RELIEF SOCIETY OF SOUTH KANARA

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections 11, 12 and 13? 2. Whether on the facts

PR. COMMISSIONER OF INCOME TAX vs. M/S. MEDICAL RELIEF SOCIETY OF SOUTH KANARA

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order even when the normal computation of income under respective heads as envisaged under Section 15 to 59 are not applicable to the computation of income in respect of Trusts as per Section 11, 12 and 13? 2. Whether on the facts

PR COMMISSIONER OF INCOME TAX vs. M/S MEDICAL RELIEF

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order which has not reached finality even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections

PR COMMISSIONER OF vs. M/S YENEPOYA UNIVERSITY

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order which has not reached finality even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections

PR COMMISSIONER OF vs. M/S YENEPOYA

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order which has not reached finality even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections

PR.COMMISSIONER OF vs. M/S SACKHUMVIT TRUST

Bench: S.SUJATHA,VINEET KOTHARI

79 are also not applicable to the charitable trusts/institutions? 2. Whether on the facts and in the circumstances of the case, the Tribunal is correct Date of Judgment 14 -08-2018 I.T.A.No.394/2018 Pr. Commissioner of Income Tax, Exemptions & another Vs. M/s Sackhumvit Trust 4/22 in law dismissing Revenue’s appeal by holding that assessee is entitled to claim carry

PR COMMISSIONER OF INCOME TAX (CENTRAL) vs. M/S CHALASSANI EDUCATION TRUST

Appeal is dismissed

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections 11, 12 and 13? Date of Order

PR. COMMISSIONER OF INCOME TAX vs. M/S. MEDICAL RELIEF SOCIETY OF SOUTH KANARA

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections 11, 12 and 13? 2. Whether on the facts

PR.COMMISSIONER OF vs. M/S AGASTYA

Bench: S.SUJATHA,VINEET KOTHARI

Section 70 to 79 are not applicable to the Trusts i.e., the assessee in the instant case?” 3. This Court in case of ‘Commissioner of Income Tax-III, Pune v. Rajasthan & Gujarati Charitable Foundation Poona’ [2018] 89 taxmann.com 127 [SC] with regard to allowability and Depreciation

PR COMMISSIONER OF vs. M/S YENEPOYA UNIVERSITY

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order which has not reached finality even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections

PR COMMISSIONER OF INCOME TAX vs. M/S MEDICAL RELIEF

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order which has not reached finality even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections

PR. COMMISSIONER OF INCOME TAX vs. M/S. ANJUMAN-E-ISLAM

Bench: S.SUJATHA,VINEET KOTHARI

79 are also not applicable to the charitable trusts/institutions? 2. Whether on the facts and in the circumstances of the case, the Tribunal is correct in law dismissing Revenue’s appeal by holding that assessee is entitled to claim carry forward of excess application/expenditure/loss without appreciating the fact that the issue of application of income more than the income computed

PR COMMISSIONER OF vs. M/S YENEPOYA UNIVERSITY

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order which has not reached finality even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections

PR COMMISSIONER OF INCOME TAX vs. M/S MEDICAL RELIEF

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order even when the normal computation of income under respective heads as envisaged under Sections 15 to 59 are not applicable to the computation of income in respect of Trusts as per Sections 11, 12 and 13? 2. Whether on the facts

PR. COMMISSIONER OF INCOME TAX vs. M/S. MEDICAL RELIEF SOCIETY OF SOUTH KANARA

Bench: S.SUJATHA,VINEET KOTHARI

79 of the Act are applicable to the charitable trust i.e., the assessee herein by following its earlier order even when the normal computation of income under respective heads as envisaged under Section 15 to 59 are not applicable to the computation of income in respect of Trusts as per Section 11, 12 and 13? 2. Whether on the facts

PR COMMISSIONER OF INCOME TAX (EXEMPTIONS) vs. M/S KARNATAKA WATER & SANITATION POOLED FUND

Bench: S.SUJATHA,VINEET KOTHARI

79 and 1979-80, the assessee claimed depreciation on the value of the building at the rate of 2.5 per cent and they also claimed depreciation on furniture at the rate of 5 per cent. The question which arose before the court for determination was: whether depreciation could be denied to the assessee, as expenditure on acquisition of the assets