PEGASUS PROPERTIES P. LTD.,PUNE vs. DY CIT, CC-2(3), MUMBAI

In the result, appeal filed by the assessee is partly allowed

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Pavan Kumar Gadale, Hon'Ble

charitable organizations working for the promotions of education and other social welfare programs. The details of donations are as under (copy of donation receipts along with certificate under section 80G issued to the trusts are enclosed at page no. 110 to 132

M/S GOVINDRAM & CO.,MUMBAI vs. ASST. CIT 17(1), MUMBAI

In the result, the appeal for Assessment Year 2010-11 is also dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

132 of the Act was conducted on Navjivan Trust on 27th October, 2014. During the course of search it was found that all the expenses of the Trust were merely book entries and no genuine expenses were made by the Trust for section 35AC of the Act. One of the trustee also accepted that all these expenses are bogus

M/S GOVINDRAM & CO.,MUMBAI vs. ASST. CIT 17(1), MUMBAI

In the result, the appeal for Assessment Year 2010-11 is also dismissed

Bench: Shri Prashant Maharishi, Am & Shri Pavan Kumar Gadale, Jm

132 of the Act was conducted on Navjivan Trust on 27th October, 2014. During the course of search it was found that all the expenses of the Trust were merely book entries and no genuine expenses were made by the Trust for section 35AC of the Act. One of the trustee also accepted that all these expenses are bogus

RAMRAO ADIK EDUCATION SOCIETY ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOMETAX CENTRAL CIRCLE 7(1), MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

RAHEE FOUNDATION,MUMBAI vs. DIT (E), MUMBAI

In the result appeal is allowed for statistical purposes

Bench: Shri R C Sharma & Shri Amit Shukla

section 12AA is to examine the genuineness of the objects of the Trust and not the application of the income. 6. On the other hand, Ld. CIT DR, after referring to the various observations of the Ld. DIT in the impugned order submitted that, no clause has been enshrined in the Trust Deed for dissolution, therefore trust cannot be said

DCIT CENTRAL CIRCLE 7 (1) , MUMBAI vs. RAMRAO ADIK EDUC SOCIETY, MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under Section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder Section 132

RATAN TATA TRUST,MUMBAI vs. CIT (E), MUMBAI

In the result, the appeal is allowed

132(2)(h) would not be applicable. Further, the assessee submits that the Trustees have not received any benefit from TSL in their capacity as Trustees. No part of the Trust's property or income has been applied directly or indirectly for the benefit of Trustees. 13) The assessee submits that the Learned AO sought the details which were duly

J.R.D TATA TRUST ,MUMBAI vs. CIT (E), MUMBAI

In the result, the appeal is allowed

132(2)(h) would not be applicable. Further, the assessee submits that the Trustees have not received any benefit from TSL in their capacity as Trustees. No part of the Trust's property or income has been applied directly or indirectly for the benefit of Trustees. 13) The assessee submits that the Learned AO sought the details which were duly

DCIT CENTRAL CIRCLE 7 (1) , MUMBAI vs. RAMRAO ADIK EDUC SOCIETY, MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

RAMRAO ADIK EDUCATION SOCIETY ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 7(1), MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

RAMRAO ADIK EDUCATION SOCIETY ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOMETAX CENTRAL CIRCLE 7(1), MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

DCIT CENTRAL CIRCLE 7 (1) , MUMBAI vs. RAMRAO ADIK EDUC SOCIETY, MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

DCIT CENTRAL CIRCLE 7 (1) , MUMBAI vs. RAMRAO ADIK EDUC SOCIETY, MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

DCIT CENTRAL CIRCLE 7 1, MUMBAI vs. RAMRAO ADIK EDUC SOCIETY, MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under Section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

RAMRAO ADIK EDUCATION SOCIETY ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE 7(1), MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

RAMRAO ADIK EDUCATION SOCIETY ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 7(1), MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

RAMRAO ADIK EDUCATION SOCIETY ,MUMBAI vs. DEPUTY COMMISSIONER OF INCOMETAX CENTRAL CIRCLE 7(1), MUMBAI

Accordingly. The ground raised by the revenue is partly allowed for\nstatistical purposes

trust registered under section 12A of the Act and\nincorporated with the main object of promoting education. The assessee is part of\nD Y Patil group of charitable institutions. The assessee is running Engineering,\nArchitecture and other courses at Navi Mumbai. There was a search operation\nunder section 132

RAVINDRA K RESHAMWALA,MUMBAI vs. THE INCOME TAX OFFICER WARD 17(1), MUMBAI

In the result, the appeal by the assessee is allowed

Bench: Shri B.R. Baskaran & Shri Sandeep Singh Karhail

Charitable Trust has been involved in a bogus transaction of accommodation entry and has returned the donation to the donors in cash after deducting the commission. The Revenue has also relied on the Ravindra K. Reshamwala ITA no.2925/Mum./2023 statement of the trustee recorded during the course of search action under section 132