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

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

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

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

NAV NIRMAN KOSH,KOLKATA vs. CIT(EXEMPTION) KOLKATA, KOLKATA

In the result, appeal of assessee is allowed

Bench: "ी जे. सुधाकर रे"डी, लेखा सद"य एवं/And "ी ऐ. ट". वक", "यायीक सद"य) [Before Shri J. Sudhakar Reddy, Am & Shri A. T. Varkey, Jm]

charitable Trust registered in 1981 which is engaged in various philanthropic activities including in the field of education and health for the poor and needy section of the people and has been provided with certificate of registration u/s. 12A of the Act on 14.07.2010. The sheet anchor of the entire exercise emanates from a statement recorded during survey which

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

charitable trust running an educational institution and not engaged in any business activity so as to attract the provisions of section 44AB. 4. That the appellant craves leave to add, alter or delete all or any of the grounds of appeal.” III. ITA No. 2750/KOL/2025: “1. (a) For that the Ld. CIT(A) ought to have held that the penalty

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

charitable trust running an educational institution and not engaged in any business activity so as to attract the provisions of section 44AB. 4. That the appellant craves leave to add, alter or delete all or any of the grounds of appeal.” III. ITA No. 2750/KOL/2025: “1. (a) For that the Ld. CIT(A) ought to have held that the penalty

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

M/S. MITRA PARISHAD,KOLKATA vs. CIT (EXEMPTIONS), KOLKATA, KOLKATA

In the result, appeal of assessee is allowed

Bench: "ी ऐ. ट". वक", "यायीक सद"य एवं/And "ी एम .बालागणेश, लेखा सद"य) [Before Shri A. T. Varkey, Jm & Shri M. Balaganesh, Am]

charitable organization which is indulged in various philanthropic activities including in the field of education and health for the poor and needy section of the people and has been provided with certificate of registration u/s. 12A of the Act as early as that of 19.12.1973. The sheet anchor of the entire exercise emanates from a statement recorded during survey which