JERMELS ACCADEMY ,DARJEELING vs. ITO, WARD 2(2), EXEMP, , SILIGURI

charitable trust running an educational\ninstitution and not engaged in any business activity so as to attract the\nprovisions of section 44AB.\n4. That the appellant craves leave to add, alter or delete all or any of the\ngrounds of appeal.”\nIII. ITA No. 2750/KOL/2025:\n“1. (a) For that the Ld. CIT(A) ought to have held that

JERMELS ACCADEMY,DARJEELING vs. ITO, WARD 2(2), EXEMP,, SILIGURI

In the result, all the 3 appeals filed by the Assessee are partly\nallowed for statistical purposes

charitable trust running an educational\ninstitution and not engaged in any business activity so as to attract the\nprovisions of section 44AB.\n4. That the appellant craves leave to add, alter or delete all or any of the\ngrounds of appeal.”\nIII. ITA No. 2750/KOL/2025:\n“1. (a) For that the Ld. CIT(A) ought to have held that

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

Bench: Shri Sanjay Garg & Shri Girish Agrawal

unexplained share application money with premium (iv) Disallowance of deduction claimed Rs. 87,50,000/- u/s. 35(1)(iii) of the Act. Shree Automotive Pvt. Ltd. AYs: 2012-13 & 2013-14 (v) Disallowance of expenditure Rs. 5,04,790/- incurred on payment of interest on late payment of statutory liabilities 15. In the course of first appellate proceedings, matter

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

Bench: Shri Sanjay Garg & Shri Girish Agrawal

unexplained share application money with premium (iv) Disallowance of deduction claimed Rs. 87,50,000/- u/s. 35(1)(iii) of the Act. Shree Automotive Pvt. Ltd. AYs: 2012-13 & 2013-14 (v) Disallowance of expenditure Rs. 5,04,790/- incurred on payment of interest on late payment of statutory liabilities 15. In the course of first appellate proceedings, matter

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

Bench: Shri Sanjay Garg & Shri Rajesh Kumar]

money was received by way of fee and the detailed statement from 01.04.2019 to 31.03.2020 is attached stating name of the student ,registration no. course and amount of fee.The Ld. A.R also stated that the AO has wrongly given this observation in the assessment order that the assessee has received donation but as a matter of fact the trust

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

In the result, the appeal of assessee allowed

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

unexplained receipt of the assessee as per Section 68, the addition cannot be made because the assessee itself has applied the entire receipt for the objects of the assessee society. Further, the learned tribunal after taking note of the various decisions of the High Court, on facts, found that the assessee has shown the donation as corpus fund