ASSISTANT OINT COMMISSIONER OF INCOME-TAX vs. PYC HINDU GYMKHANA,, PUNE
In the result, appeal of the assessee is partly allowed for statistical
ITA 187/PUN/2015[2010-11]Status: DisposedITAT Pune23 Jul 2018AY 2010-11
Bench: Shri "याियक सद"य के सम" D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita No.179/Pun/2015 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Year : 2010-11 िनधा"रण वष" िनधा"रण वष"
For Appellant: Shri Sunil Pathak
Section 11Section 2(15)
trust is hit by the proviso to section 2(15) of the Act and as the receipts exceeds Rs.10 Lakhs the appellant would not be entitled to claim exemption u/s. 11 of the Act and the AO has rightly denied the claim of exemption u/s. 11A.”
7. Regarding the applicability of principle of mutuality to the said surplus
receipts
