LAKSHMI TRUST,KOLKATA vs. ITO, (E) - II, KOLKATA, KOLKATA

In the result, the appeals of the assessees are treated as partly allowed as indicated above

Bench: Shri P.M. Jagtap

charitable activity carried on by any of the ten Trusts between whom the funds were transferred by way of donations, the benefit of section 11 was not allowable to any of such Trusts. Accordingly, he denied the benefit of section 11 to all the six assessee- Trusts in the present case and computed their income by adding the corpus donation

BALLARAM HANUMANDAS CHARITABLE TRUST,KOLKATA vs. CIT(EXEMPTIONS), KOL., KOLKATA

In the result, appeal of assessee stands allowed