SHASHI KRISHNA EDUCATIONAL AVAM WELFARE SOCIETY,PATNA vs. AO, PATNA

In the result, the appeal filed by the assessee is partly allowed for\nstatistical purposes

trust......”. Here I would also like to highlight the distinction between\nChapter III and Chapter VIA of the Act. Chapter III as already stated above\nis regarding ‘exemption of incomes' whereas Chapter VIA is regarding\n‘deductions in respect of certain payments / incomes. In Chapter VIA, all the\nsections are related to deductions against income/receipts of an\nassessee. The difference

SOCIETY FOR ADVANCEMENT OF VILLAGE ECONOMY,GAYA vs. ACIT(EXEMPTION) CIRCLE, PATNA

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

trust is engaged in the financial inclusion by extension of banking services and as business correspondents which includes (i) disbursal of small value credit, (ii) recovery of principal/collection of interest, (iii) collection of small value deposits, (iv) sale of micro insurance/mutual fund products/other third party products and (v) receipts and delivery of small value remittances /other payment instruments. Further

ACIT, PATNA vs. NEW ERA SOCIAL DEVELOPMENT WELFARE SOCIETY, PATNA

Appeal is treated as allowed for statistical purposes

Charitable Trust registered u/s. 12A of the Act as mentioned by the AO in the beginning of his assessment order. The case of the assessee was selected for complete scrutiny under CASS with a reason for non-filing of Audit Report in Form 10B/10BB. In response to the statutory notices issued by the AO, the assessee did not respond. Therefore

ALMAHAD TRUST ,PATNA vs. ITO EXEMPTION, WARD-1, PATNA , PATNA

In the result, appeal of the assessee is allowed for statistical purposes

Bench: SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER SHRI SONJOY SARMA (Judicial Member)

Trust assessee filed return of income on 13.04.2021, thereafter, notice u/s 143(2) of the Act was issued to the assessee and subsequently other statutory notices issued to the assessee but there was no response from the assessee side, AO has provided ample opportunity to the assessee and the assessee has failed to provide certificate of registration