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Section 13(1)(c)6 Section 114 Section 402 Section 13(3)2

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

9,05,350 The brief financial data of the trust's performance is as under : Gross Receipts 41.63 crores Net Profit 1.70 crores 4.08% Revenue Expenditure on object of Trust 39.93 crores 95.91% Capital Expenditure on Object of Trust. 8.63 crores. --------------- 48.56 crores. It is further noted that in the past as well as subsequent assessment year's assessee