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2 results for “charitable trust”+ Section 245clear

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Key Topics

Section 12A5Section 115Section 35(1)(ii)3Section 143(1)3Section 1392Section 44A2Charitable Trust2Exemption2

INCOME-TAX OFFICER vs. SERUM INSTITUTE OF INDIA RESEARCH FOUNDATION,, PUNE

In the result, appeal of the Revenue is dismissed

ITA 621/PUN/2016[2005-06]Status: DisposedITAT Pune29 Jan 2018AY 2005-06

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita No.621/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Year : 2005-06 वष"

For Appellant: Shri T.B. Vijaya Reddy and Shri Mukesh Jha, CIT-DRsFor Respondent: Shri R.S. Abhyankar
Section 10(21)Section 11Section 11(1)(d)Section 12ASection 2(24)(iia)Section 35(1)(ii)

charitable or religious purposes and the provisions of that section and section 13 shall apply accordingly.” (c). Further, bringing our attention to the provisions of section 11(1)(d) of the Act, Ld. DR argued that it provides for exemption from including the Corpus specific Voluntary Contributions from the purview of total income of the assessee. The said clause

SATARA EDUCATION SOCIETY,SATARA vs. DCIT (E) CIRCLE, PUNE, PUNE

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

ITA 1054/PUN/2024[2020-21]Status: DisposedITAT Pune06 Dec 2024AY 2020-21

Bench: Shri R. K. Panda & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1054/Pun/2024 िनधा"रण वष" / Assessment Year: 2020-21 Satara Education Society, Vs. Dcit (E) Circle, Pune. 148, Mangalwar Peth, Satara City, Tetali B.O., Tetali, Satara- 415002. Pan : Aabts9280K Appellant Respondent Assessee By : Shri Kishor Phadke Revenue By Shri Ajay Kumar Keshari : Date Of Hearing 08.10.2024 : Date Of Pronouncement : 06.12.2024 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 20.03.2024 Passed By Ld. Addl./Jcit(A), Thiruvanantpuram For The Assessment Year 2020-21. 2. The Appellant Has Raised The Following Grounds Of Appeal :- “1. The Learned Cit(A) Erred In Laws & On Facts In Confirming The Appellant'S Income Assessed By The Learned Ao Amounting To Rs.11,68,77,245/- Instead Of Returned Income Of "Nil" As Declared By Appellant.

For Appellant: Shri Kishor Phadke
Section 11Section 12ASection 139Section 143(1)Section 143(1)(a)Section 154Section 44A

charitable trust and is registered under the Bombay Public Trust Act, 1950. The assessee is also registered u/s 12A and 80G of the IT Act. The return of income was furnished on 31.03.2021 declaring Rs. Nil income after claiming of exemption u/s 11 and 12 of the IT Act. The Assessing Officer/CPC processed the return u/s 143(1) and intimation