THE M K TATA TRUST ,MUMBAI vs. CIT (EXEMPTIONS), MUMBAI
In the result, both the appeals of the assessee are allowed
ITA 1742/MUM/2024[2015-16]Status: DisposedITAT Mumbai06 Sept 2024AY 2015-16
Bench: Shri Amarjit Singh & Shri Raj Kumar Chauhan
For Appellant: Shri Vishal D Shah & Shri Jainam SonaiyaFor Respondent: Shri S. Srinivasu, CIT, DR
Section 11Section 11(5)Section 11(6)Section 13(1)(d)Section 143(3)Section 263
68,000/- received on settling of the trust
“(ii) Details of investment held as on 31.03.2015 and explain as to whether the investments are as per provisions of section 11(5) of the I.T.
Act.
The trust is registered with the Directorate of Income Tax (Exemption),
Mumbai u/s 12A of the Income Tax Act, 1961 under Registration No.
TR/5060