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7 results for “charitable trust”+ Unexplained Investmentclear

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Delhi116Mumbai99Hyderabad67Chennai64Jaipur41Bangalore36Pune22Ahmedabad18Cochin9Indore9Amritsar8Chandigarh8Kolkata7Nagpur7Agra6Lucknow5Varanasi3Surat2Karnataka2Jodhpur1Cuttack1Raipur1Telangana1

Key Topics

Section 689Section 143(3)8Section 118Section 12A6Addition to Income6Section 2504Unexplained Cash Credit4Section 1313Disallowance

ORIENTAL CHARITABLE FOUNDATION,KOLKATA vs. CIT(EXEMPTIONS), KOLKATA

In the result, the appeal of the assessee is partly allowed

ITA 257/KOL/2022[2017-18]Status: DisposedITAT Kolkata04 Jul 2024AY 2017-18

Bench: Shri Rajpal Yadav & Shri Rakesh Mishraassessment Year: 2017-18

For Appellant: Shri Siddarth Agrwal, AdvocateFor Respondent: Shri Subhendu Datta, CIT, DR
Section 11Section 11(1)(d)Section 12ASection 143(3)Section 263

Trust Fund nor any Loan liability. Hence, in view of the Ld. CIT(E), the loss was attributable to the corpus fund, i.e., the only source of fund available. 3 Oriental Charitable foundation, AY 2017-18 3.1. There is investment in Mutual Funds to the tune of Rs. 20,06,27,832/-, the source of fund of the investment also

3
Section 40A(2)2
Section 1472
Exemption2

MARIAS INSTITUTE OF MANAGEMENT AND TECHNOLOGY,HOWRAH vs. ITO, WARD 48(1), , KOLKATA

Appeal of the assessee is allowed for statistical purposes

ITA 467/KOL/2025[2012-13]Status: HeardITAT Kolkata17 Sept 2025AY 2012-13

Bench: The Ld. Cit(A), Where The Appeal Of The Assessee Was Dismissed Due To Non- Compliance On The Various Dates Fixed For Hearing. Ultimately, The Ld. Cit(A) Upheld The Order Of The Ld. Ao By Dismissing The Appeal Of The Assessee.

Section 147Section 250Section 69

charitable public trust, filed its return of income for the Assessment Year 2012-13 by declaring total income of Rs. 35,820/-. Subsequently, the case of the assessee was reopened u/s 147 of the Act where the Ld. AO passed an order u/s 147/143(3) of the Act by making addition of Rs. 1,06,20,990/- 2 Marias Institute

DR. B.G. MEMORIAL TRUST,KOLKATA vs. ITO, WARD-1(2), EXEMPTION, KOLKATA

The appeal of the assessee is treated as allowed for statistical purposes

ITA 680/KOL/2024[2013-14]Status: DisposedITAT Kolkata13 Sept 2024AY 2013-14

Bench: Shri Sanjay Garg & Shri Sanjay Awasthii.T.A. No.680/Kol/2024 Assessment Year: 2013-14 Dr. B. G. Memorial Trust..…….…....…………….......…....………....Appellant 6/1, Sarat Chatterjee Avenue Rabindra Sarovar, Kolkata – 700029. [Pan: Aaatd5235A] Vs. Ito, Ward-1(2), Exempt, Kolkata...........................................…..…..... Respondent Appearances By: Shri S. M. Surana, Ar & Sunil Surana, Ar, Appeared On Behalf Of The Appellant. Shri Manas Mondal, Addl. Cit, Sr. Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : June 27, 2024 Date Of Pronouncing The Order : September 13, 2024 आदेश / Order संजय गग", "या"यक सद"य "वारा / Per Sanjay Garg: The Present Appeal Has Been Preferred By The Assessee Against The Order Dated 18.03.2024 Of The National Faceless Appeal Centre [Hereinafter Referred To As ‘Cit(A)’] Passed U/S 250 Of The Income Tax Act (Hereinafter Referred To As The ‘Act’). 2. The Brief Facts Of The Case Are That The Assessee Was Registered As A Charitable Institution U/S 12 Of The Act. The Assessee Claimed Deduction Of Income Being A Charitable Institution U/S 11 Of The Act. During The Assessment Proceedings, The Assessing Officer Noted That The Cit(Exemption) Vide Order Dated 22.02.2016 U/S 12Aa(3) Of The Act Has Withdrawn & Cancelled Registration Granted Earlier To The Assessee-Trust. In View Of The Said Cancellation Of Registration, The

Section 11Section 12Section 12ASection 250Section 40Section 40A

charitable institution u/s 11 of the Act. During the assessment proceedings, the Assessing Officer noted that the CIT(Exemption) vide order dated 22.02.2016 u/s 12AA(3) of the Act has withdrawn and cancelled registration granted earlier to the assessee-trust. In view of the said cancellation of registration, the I.T.A. No.680/Kol/2024 Assessment Year: 2013-14 Dr. B. G. Memorial Trust

DY. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(4), KOLKATA, KOLKATA vs. UTTARAYAN TRUST FOR EDUCATION SOCIAL WELFARE, KOLKATA

In the result, the appeal of the revenue is dismissed

ITA 1915/KOL/2024[2020-21]Status: DisposedITAT Kolkata05 Dec 2024AY 2020-21

Bench: Shri Sanjay Garg & Shri Rajesh Kumar]

Section 11Section 12ASection 133ASection 143(1)Section 143(3)Section 68

investments thereby assessing the income at Rs. 1,79,39,440/- in the assessment framed u/s 143(3) of the Act dated 23.03.2022. 6. During the appellate proceedings, the appeal was allowed by the Ld. CIT(A) by directing the AO to delete all the additions. The revenue has challenged only the 3 I.T.A. No.1915/Kol/2024 Assessment Year: 2020-21 Uttarayan

SHREE AUTOMOTIVE PRIVATE LTD. ,KOLKATA vs. DCIT, KOLKATA

In the result, appeal of the assessee for AY 2012-13 is allowed and appeal for AY 2013-14 is partly allowed

ITA 182/KOL/2023[2012-13]Status: DisposedITAT Kolkata25 Jul 2023AY 2012-13

Bench: Shri Sanjay Garg & Shri Girish Agrawal

For Appellant: Shri S. K. Tulsiyan, Advocate&Ms. PujaFor Respondent: Shri P. P. Barman, Addl. CIT, Sr. DR
Section 143(3)Section 250Section 40A(2)Section 68

investment in the assessee. It is pertinent to note that investor is a group company with common director fact of which is uncontroverted. 10.2. A perusal of the impugned order of the Ld. CIT(A) shows that the Ld. CIT(A) has not discussed anything about the material facts of the case. He has not pointed out any defect

SHREE AUTOMOTIVE PRIVATE LTD.,KOLKATA vs. DCIT, CIR-10. , KOLKATA

In the result, appeal of the assessee for AY 2012-13 is allowed and appeal for AY 2013-14 is partly allowed

ITA 183/KOL/2023[2013-14]Status: DisposedITAT Kolkata25 Jul 2023AY 2013-14

Bench: Shri Sanjay Garg & Shri Girish Agrawal

For Appellant: Shri S. K. Tulsiyan, Advocate&Ms. PujaFor Respondent: Shri P. P. Barman, Addl. CIT, Sr. DR
Section 143(3)Section 250Section 40A(2)Section 68

investment in the assessee. It is pertinent to note that investor is a group company with common director fact of which is uncontroverted. 10.2. A perusal of the impugned order of the Ld. CIT(A) shows that the Ld. CIT(A) has not discussed anything about the material facts of the case. He has not pointed out any defect

SUPER IRON FOUNDRY,KOLKATA vs. ACIT, CIR. 36, KOLKATA

In the result, the appeal of assessee allowed

ITA 270/KOL/2022[2014-15]Status: DisposedITAT Kolkata11 Jan 2023AY 2014-15

Bench: Shri Rajpal Yadav(Kz)& Shri Rajesh Kumar]

Section 131Section 133(6)Section 143(3)Section 68

investment company before the AO and his statement was recorded on 13.12.2016 u/s. 131 of the Act. In the said statement, the director of the investor company admitted that he arranged an accommodation entry of Rs.5,23,50,000/- in the form of unsecured loan to M/s. Super Iron foundry for the assessee and charged commission @ 2.5%. Accordingly, the assessee