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3 results for “charitable trust”+ Section 36A(3)clear

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Section 12A9 Section 12A(1)(ac)3 Exemption3 Section 36A2

SHRI VYANKANATH MAHARAJ SHIKSHAN SANSTHA MURTIZAPUR,AKOLA vs. ITO WARD - 2, EXEMP, NAGPUR, NAGPUR

In the result, assessee’s appeal stands allowed

ITA 398/NAG/2024[2022-23]Status: DisposedITAT Nagpur21 Mar 2025AY 2022-23

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Kishore P. DewaniFor Respondent: Shri Sandipkumar Salunke

Section 12ASection 12A(1)(ac)

36A(3) of the BPT Act, 1950 provides that " no trustee shall borrow moneys (whether by way of mortgage or otherwise) for the purpose of or on behalf of the trust of which he is a trustee, except with the previous sanction of the Charity Commissioner, and subject to such conditions and limitations as may be 4 Shri Vyankanath Maharaj

THE NEPHROLOGY SOCIETY,NAGPUR vs. CIT EXEMPTION, PUNE

In the result, assessee’s appeal stands dismissed

ITA 339/NAG/2024[N.A]Status: DisposedITAT Nagpur21 Mar 2025

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Shri Kapil HiraniFor Respondent: Shri Sandipkumar Salunke

Section 12ASection 12A(1)(ac)Section 2(15)Section 36A(3)

charitable activity u/s 2(15) of the Income Tax Act. 3. On the facts of the case and that of the law, Ld. CIT (Exemption) has failed to apply the provisions of the Section 36A(3) of Maharashtra Public Trust

SHRI RAM MANDIR DEOSTHAN WARDHA ,WARDHA vs. CIT EXEMPTIONS PUNE, PUNE

In the result, assessee’s appeal stands allowed in terms indicated above

ITA 292/NAG/2024[2024-25]Status: DisposedITAT Nagpur14 Feb 2025AY 2024-25

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

For Appellant: Ms. Alfiya RozieFor Respondent: Shri Sandipkumar Salunke

Section 12ASection 12A(1)(ac)Section 12A(1)(ae)Section 36A

36A of the Maharashtra Public Trusts Act, 1950 being compliance to the requirement of any other law for the purpose of achieving objects, is not furnished. (iii) As per the balance sheets for the last three years major part of your funds are invested in FDRs / bank accounts without its utilization on objectives and these funds are lying idle year