TATA EDUCATION AND DEVEOPMENT TRUST,MUMBAI vs. ACIT(EXP)-2(1) NOW ASSESSED BY DCIT (EXEMPTIONS)-2(1), MUMBAI

In the result, the appeal filed by the assessee is allowed in the terms indicated above

ac). A reference is then made to proviso to Section 80HHD(4) which provides that so far as any utilization of reserve which would result in creation of any asset owned by the assessee outside India, “such asset should be created only after obtaining prior approval of the prescribed authority”. It is then again pointed out that no such time

MOHANJI BHARAT WELFARE FOUNDATION,MUMBAI vs. CIT (EXEMPTION), MUMBAI

In the result, the appeal filed by the assessee is allowed for\nstatistical purposes in above terms

section 12A(1)(ac)(iii) of the Act.\n11. As per Form 10AC issued u/s 80G of the Act placed at page no. 6 & 7 of\nthe paper book I, the provisional approval was granted on 09.02.2022\nand as per column no. 8 of Form 10AC, the assessee was provisionally\napproved from

DCIT(E)-2(1), MUMBAI vs. NEHRU CENTRE, MUMBAI

In the result, appeal filed by the revenue is dismissed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Pavan Kumar Gadale, Hon'Bledcit (E) – 2(1) V. Nehru Centre Room No. 519, 5Th Floor Discovery Of India Building Piramal Chambers, Lalbaug 13Th Floor, Dr. Annie Besant Road Worli, Mumbai - 400018 Mumbai – 400 012 Pan: Aaatn2536J (Appellant) (Respondent) Assessee By : Shri Dilip Thakkar Department By : Shri Dilipkumar Shah

gains of any business and hence Section 11(4A) has no application. 6) Ground of Appeal No.6 : The Assessing Officer erred in law stating that though he accepts that the Centre spends on some of the activities undertaken but how it spends the income is irrelevant, as the amounts spend are entirely towards the attainment of the objects