LOKMANYA TILAD JANAKALYA SHIKSHAN SANSTHA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -2, NAGPUR
In the result, this appeal by the assessee stands partly allowed
ITA 384/NAG/2012[2008-09]Status: DisposedITAT Nagpur09 Jan 2017AY 2008-09
Bench: Shri Shamim Yahya & Shri Ram Lal Negi..
For Appellant: Shri K.P. DewaniFor Respondent: Shri A.R. Ninawe
Section 1Section 11Section 13(1)(c)Section 13(3)Section 40
32,34,526/- from Permanent Agro Tech. P. Ltd.
ii)
Rs.
13.36.056/- from Sheetal Chaturvedi iii)
Rs. 12,58,52,299/- from Prowess Financial Services Pvt. Ltd.
8.2 Thus it is clear that the appellant trust was constrained
8.3 In this regard I have carefully perused the revised memorandum of the association of the trust dt. 14-2-03 wherein
