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

charitable purposes outside India, and in that case, the benefit is to be confined to the money actually spent by the assessee. On theprinciple emerging out of Hon’ble Supreme Court’s judgment in the case of RadhasoamiSatsang (supra), being a conditional and caveated principle, learned counsel submits that Hon’ble Bombay High Court has dealt with that aspect

DEPUTY COMMISSIONER OF INCOME TAX(EXEMPTIONS) 2 MUMBAI, MUMBAI vs. OTTERS CLUB, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Amit Shukla & Shri Girish Agrawal

276 (SC) and in Civil Appeal No.21762 of 2017 in various batch of appeals and SLP's [lead case ACIT (Exemptions) Vs. Ahmedabad Urban Development Authority [2022] 143 taxmann.com 278 (SC)], the Ld. CIT(A) erred in not appreciating that even if the activities of the assessee are held to be covered under residuary part of section

DEPUTY COMMISSIONER OF INCOME TAX EXEMPTIONS 2(1), MUMBAI, MUMBAI vs. OTTERS CLUB, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Shri Amit Shukla & Shri Girish Agrawal

276 (SC) and in Civil Appeal No.21762 of 2017 in various batch of appeals and SLP's [lead case ACIT (Exemptions) Vs. Ahmedabad Urban Development Authority [2022] 143 taxmann.com 278 (SC)], the Ld. CIT(A) erred in not appreciating that even if the activities of the assessee are held to be covered under residuary part of section

NALIN VYAS (THROUGH LEGAL HEIR BRIJESH VYAS),VIRAR vs. ITO 4 (3), THANE

In the result, all the appeals of the assessee are allowed

Charitable Trust pertaining to Shri nalin J. Vyas vide annexure A-1/154 to 156 and A-2/45 with transaction amount of Rs.2,48,81,200/and Rs.1,45,000/respectivelu made for F.Y.2010-11 relevant to A.Y.2011-12. The Dy.CIT Central circle 2(1), Mumbai vide letter No. Mum/DCIT CC 2(1)/Intimation/153C/2016-17 dated 03.03.2017 forwarded satisfaction note A.Ys

NALIN VYAS (THROUGH LEGAL HEIR BRIJESH VYAS),VIRAR vs. ITO 4 (3), THANE

In the result, all the appeals of the assessee are allowed

Charitable Trust pertaining to Shri nalin J. Vyas vide annexure A-1/154 to 156 and A-2/45 with transaction amount of Rs.2,48,81,200/and Rs.1,45,000/respectivelu made for F.Y.2010-11 relevant to A.Y.2011-12. The Dy.CIT Central circle 2(1), Mumbai vide letter No. Mum/DCIT CC 2(1)/Intimation/153C/2016-17 dated 03.03.2017 forwarded satisfaction note A.Ys

NALIN VYAS (THROUGH LEGAL HEIR BRIJESH VYAS),VIRAR vs. ITO 4 (3), THANE

In the result, all the appeals of the assessee are allowed

Charitable Trust pertaining to Shri nalin J. Vyas vide annexure A-1/154 to 156 and A-2/45 with transaction amount of Rs.2,48,81,200/and Rs.1,45,000/respectivelu made for F.Y.2010-11 relevant to A.Y.2011-12. The Dy.CIT Central circle 2(1), Mumbai vide letter No. Mum/DCIT CC 2(1)/Intimation/153C/2016-17 dated 03.03.2017 forwarded satisfaction note A.Ys

NALIN VYAS (THROUGH LEGAL HEIR BRIJESH VYAS),VIRAR vs. ITO 4 (3), THANE

In the result, all the appeals of the assessee are allowed

Charitable Trust pertaining to Shri nalin J. Vyas vide annexure A-1/154 to 156 and A-2/45 with transaction amount of Rs.2,48,81,200/and Rs.1,45,000/respectivelu made for F.Y.2010-11 relevant to A.Y.2011-12. The Dy.CIT Central circle 2(1), Mumbai vide letter No. Mum/DCIT CC 2(1)/Intimation/153C/2016-17 dated 03.03.2017 forwarded satisfaction note A.Ys

NALIN VYAS (THROUGH LEGAL HEIR BRIJESH VYAS),VIRAR vs. ITO 4 (3), THANE

In the result, all the appeals of the assessee are allowed

Charitable Trust pertaining to Shri nalin J. Vyas vide annexure A-1/154 to 156 and A-2/45 with transaction amount of Rs.2,48,81,200/and Rs.1,45,000/respectivelu made for F.Y.2010-11 relevant to A.Y.2011-12. The Dy.CIT Central circle 2(1), Mumbai vide letter No. Mum/DCIT CC 2(1)/Intimation/153C/2016-17 dated 03.03.2017 forwarded satisfaction note A.Ys

NALIN VYAS (THROUGH LEGAL HEIR BRIJESH VYAS),VIRAR vs. ITO 4 (3), THANE

In the result, all the appeals of the assessee are allowed

Charitable Trust pertaining to Shri nalin J. Vyas vide annexure A-1/154 to 156 and A-2/45 with transaction amount of Rs.2,48,81,200/and Rs.1,45,000/respectivelu made for F.Y.2010-11 relevant to A.Y.2011-12. The Dy.CIT Central circle 2(1), Mumbai vide letter No. Mum/DCIT CC 2(1)/Intimation/153C/2016-17 dated 03.03.2017 forwarded satisfaction note A.Ys

ANTHAYYA EDUCATION FOUNDATION TRUST,MUMBAI vs. ITO EXEMPTION 1-(1), MUMBAI

In the result, the appeal of the assessee for A

Bench: Shri Om Prakash Kant () & Ms. Kavitha Rajagopal () Assessment Year: 2016-17 & Assessment Year: 2010-11

276/- respectively. According to the Assessing officer, those two persons being in the category of specified persons as provided in section 13(3) of the Act , part of income has been applied for the benefit of specified persons, therefore, the assessee a violated provisions of Sec. 13(1)(c) of the Act. The Assessing officer referred

DEPUTY COMMISSIONER OF INCOME-TAX(EXEMPTION)-2(1), MUMBAI, MUMBAI vs. MUMBAI METROPOLITAN REGION DEVELOPMENT AUTHORITY, MUMBAI

Bench: Shri Saktijit Dey, Hon'Ble & Shri Girish Agrawal

trust u/s 12AA, this is due to subsequent development, hence the contention of the Ed.CIT(A) and Assessing Officer is not correct. In our considered view, the issue of applicability of section 2(15) of the Act is already considered by the ITAT and issue is well settled in favour of the assessee. The courts have held the activities

ANTHAYYA EDUCATION FOUNDATION TRUST ,MUMBAI vs. ITO EXEMPTION-1(1), MUMBAI

In the result, the appeal of the assessee for A

276/- respectively.\nAccording to the Assessing officer, those two persons being in\nthe category of specified persons as provided in section 13(3) of\nthe Act part of income has been applied for the benefit of\nspecified persons, therefore, the assessee a violated provisions\nof Sec. 13(1)(c) of the Act. The Assessing officer referred to the\nSec

THE INSTITUTE OF MARINE ENGINEERS INDIA ,MUMBAI vs. ITO WARD 2(4), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Shri Vikram Singh Yadav & Shri Anikesh Banerjee

276 (SC), held that requirement for educational charitable institution, society or trust seeking approval under section 10(23C) is to ‘solely

CONFEDERATION OF INDIAN TEXTILE INDUSTRY ,MUMBAI vs. ITO (E) 1(2), MUMBAI

In the result, we hereby set-aside the order of CIT(A) and the Assessing

Bench: Shri M.Balaganesh, Am & Shri Amarjit Singh, Jm M/S. Confederation Of Indian Vs. Ito(E)(1)(2), Mumbai Textile Industry 1508, Maker Chamber V-221 Nariman Point Mumbai – 400 021 Pan/Gir No.Aaact0174H (Appellant) .. (Respondent)

trust solely towards promotion of its objects and not for the benefit of its members. 5 M/s. Confederation of Indian Textile Industry 3.5. We find that assessee had derived following income apart from its regular income:- Particulars Amounts in Rs. Interest on fixed deposits 1,46,64,431 Interest income on advances given to 29,335 employees Interest on income

DEPUTY COMMISSIONER OF INCOME TAX EXEMPTIONS 2(1), MUMBAI, MUMBAI vs. NEHRU CENTRE, MUMBAI

In the result, appeal filed by the revenue is partly allowed for statistical purposes

Bench: Shri. Prashant Maharishi & Shri. Raj Kumar Chauhan & & Deputy Commissioner Of Vs. Nehru Centre Income Tax Exemptions 2(1), 13Th Floor, Discovery Of Mumbai India Building, Dr 603, 6Th Floor, Mtnl Annie Besant Road, Telephone Exchange Worli, Mumbai – Building, Dr. Gd Deshmukh 400018. Marg, Peddar Road, Cumbala Pan: Aaatn2536J Hill, Mumbai – 400026. (Appellant) (Respondent)

charitable activity and primary object of the assessee is education without appreciating the fact that the majority of the income of the assessee is coming from letting out of the property held by it and interest income and thus the object of the trust falls under the category of ‘advancement of any other object of general public utility’ and thus

DEPUTY COMMISSIONER OF INCOME TAX EXEMPTIONS 2(1), MUMBAI, MUMBAI vs. NEHRU CENTRE, MUMBAI

In the result, appeal filed by the revenue is partly allowed for statistical purposes

Bench: Shri. Prashant Maharishi & Shri. Raj Kumar Chauhan & & Deputy Commissioner Of Vs. Nehru Centre Income Tax Exemptions 2(1), 13Th Floor, Discovery Of Mumbai India Building, Dr 603, 6Th Floor, Mtnl Annie Besant Road, Telephone Exchange Worli, Mumbai – Building, Dr. Gd Deshmukh 400018. Marg, Peddar Road, Cumbala Pan: Aaatn2536J Hill, Mumbai – 400026. (Appellant) (Respondent)

charitable activity and primary object of the assessee is education without appreciating the fact that the majority of the income of the assessee is coming from letting out of the property held by it and interest income and thus the object of the trust falls under the category of ‘advancement of any other object of general public utility’ and thus

NATIONAL STOCK EXCHANGE INVESTOR PROTECTION FUND TRUST,MUMBAI vs. ASST CIT (E) 2(1), MUMBAI

Appeal stands dismissed

Bench: Hon’Ble Shri Mahavir Singh, Vp & Hon’Ble Shri Manoj Kumar Aggarwal, Am

Charitable Trust as relied upon by the AO is distinguishable to the present case as in that case the trust has multiple objects whereas in the instant case the trust has only one object and thus there is no question of ambiguity. Accordingly, we set aside the order of Ld. CIT(A) and direct the AO to allow the claim

ASSTT CIT (E) -I(1), MUMBAI vs. K.J.SOMAIYA TRUST, MUMBAI

The appeal of the Revenue is dismissed

Bench: Shri Joginder Singh, Assessment Year: 2008-09

Trust (2015) 229 Taxman 276 (Bom), DIT (E) vs Framjee Cavasjee Institute (2014) 227 taxman 266 (Mag.), DIT(E) vs Indraprashtha Cancer Society (2014) 112 DTR 345 (Del.), CIT vs Siligurhi Regulated Marekt Committee 366 ITR 51 (Cal.) and CIT vs Devi Shankuntla Tharal Charitable foundation 358 ITR 452 (MP). 3.1. I have considered the rival submissions and perused