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
charitable institution the provisions of section 12A leads to exemption from payment to
8.6 The appellant has further contented that loans have been given after obtaining- adequate security vide document executed on 9th
June, 2007 between Smt. Abha Chaturvedi and Directors of M/s
Prowess Financial Services Pvt. Ltd and M/s Permanent Construction
Co. Pvt. Ltd. The said concerns have credit