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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

1,32,34,526/- 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