MINERAL FOUNDATION OF GOA,PANAJI vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), CIRCLE - 1, MANGALORE
In the result, the appeal of the assessee is allowed
ITA 120/PAN/2018[2013-14]Status: DisposedITAT Panaji04 Apr 2022AY 2013-14
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
For Appellant: Sh. Ketan Ved, CAFor Respondent: Smt. Rijula Uniyal, Sr. DR
Section 11(1)(a)Section 12ASection 143(3)Section 250(6)
trust received donations in the aggregate sum of Rs.2,57,376. It applied thereout for its charitable purposes the aggregate sum of Rs.1,70,369 leaving a balance of Rs. 87,010. The question is whether the assessee is entitled to accumulate twenty-five per cent. Of Rs.2,57,376 as it contends, or twenty-five per cent of Rs.87
