RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

Cash credits. 68. Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, the sum so credited may be charged to income

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR

In the result, all the appeals filed by the assessee are partly allowed as per terms indicated hereinabove

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1121 To 1126/Pun/2024 Assessment Years : 2012-13 To 2017-18

Cash credits. 68. Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, the sum so credited may be charged to income

DEPUTY COMMISSIONER OF INCOME TAX, EXEMPTIONS CIRCLE, AURANGABAD, AURANGABAD. vs. GUNAI SHIKSHAN PRASARAK MANDAL, LATUR

In the result, the appeal filed by the assessee in ITA

Bench: SHRI R. K. PANDA (Vice President), SHRI VINAY BHAMORE (Judicial Member)

Unexplained credits tantamounts to duplicate addition. 4. Whether on the facts and in the circumstance of the case the CIT(A) was right in holding that the source of cash deposit in bank account amounting of Rs.80,18,423/- is from the anonymous donation received in cash from various donors, when the CIT(A) himself has given finding in para

GUNAI SHIKSHAN PRASARAK MANDAL,UDGIR vs. DEPUTY COMMISSIONER OF INCOME-TAX, AURANGABAD

In the result, the appeal filed by the assessee in ITA

Bench: SHRI R. K. PANDA (Vice President), SHRI VINAY BHAMORE (Judicial Member)

Unexplained credits tantamounts to duplicate addition. 4. Whether on the facts and in the circumstance of the case the CIT(A) was right in holding that the source of cash deposit in bank account amounting of Rs.80,18,423/- is from the anonymous donation received in cash from various donors, when the CIT(A) himself has given finding in para

NASIK ROTARY CHARITABLE TRUST,NASHIK vs. ITO EXEMPTION WARD 1(1), NASHIK

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

Bench: Dr.Manish Borad

unexplained income. 3 Nasik Rotary Charitable Trust 4. The appellant craves leave to add, alter, clarify, explain, modify, or delete any of the grounds of appeal, and to seek any just and fair relief.” 3. With regard to Ground No.2 where the ld.CIT(A) has sustained the addition for Anonymous donations of Rs.22,00,550, Ld. Counsel for the assessee

KAILASWASI NARAYAN ALIAS BAPU PATIL SHIKSHAN PRASARAK MANDAL,KOLHAPUR vs. INCOME-TAX OFFICER, WARD 1(2), KOLHAPUR

In the result, the appeal of assessee is treated as allowed for statistical purpose

Bench: Shri R.K. Panda & Ms. Astha Chandra

Charitable Trust. ii) The appellant-trust filed return of income for A.Y. 2011-12 on 10.12.2012 in Form No.ITR-7 showing surplus of Rs.4,01,183/ which, however, was claimed as exempt as the objects were educational in nature. The trust claimed exemption u/s.11 and 12 of the Act in view of facts that applied for registration us, 12AA

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are\npartly allowed as per terms indicated hereinabove

unexplained cash\ncredits and section 115BBC of the Act with anonymous donations\nreceived by charitable or religious institutions. Thus, the underlying\nfacts and source of escapement remain the same and only the legal\ncharacterization has been corrected. Therefore, the reassessment\nproceedings are validly initiated and completed. The mere change in\nthe section under which the income is ultimately brought

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION , KOLHAPUR, KOLHAPUR

In the result, all the appeals filed by the assessee are\npartly allowed as per terms indicated hereinabove

unexplained cash\ncredits and section 115BBC of the Act with anonymous donations\nreceived by charitable or religious institutions. Thus, the underlying\nfacts and source of escapement remain the same and only the legal\ncharacterization has been corrected. Therefore, the reassessment\nproceedings are validly initiated and completed. The mere change in\nthe section under which the income is ultimately brought

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. ITO EXEMPTION, KOLHAPUR

In the result, all the appeals filed by the assessee are\npartly allowed as per terms indicated hereinabove

unexplained cash\n12\nITA Nos.1121 to 1126/PUN/2024\nRajarshi Shahu Shikshan Sanstha\ncredits and section 115BBC of the Act with anonymous donations\nreceived by charitable or religious institutions. Thus, the underlying\nfacts and source of escapement remain the same and only the legal\ncharacterization has been corrected. Therefore, the reassessment\nproceedings are validly initiated and completed. The mere change in\nthe

RAJARSHI SHAHU SHIKSHAN SANSTHA INAM DHAMANI,SANGLI vs. COMMISSIONER OF INCOME TAX, EXEMPTION, PUNE, PUNE

In the result, the appeal of the appellant is partly allowed for statistical purposes

Bench: Dr.Manish Borad & Shri Vinay Bhamore

unexplained cash credit u/s 68 r.w.s 115BBC of the Act 7.2 The AO has further noted that the assessee during survey, post survey and assessment proceedings for AYs. 2012-13 to 2018-19 has failed miserably to satisfactorily explain the source of the claimed donations received during these years and these donations were found not in the nature of voluntary

BK EDUCATIONAL AND WELFARE SOCIETY,NASHIK vs. ITO(E), WARD 1(1) , NASHIK

In the result, appeal of the assessee is partly allowed

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1429/Pun/2024 Assessment Year : 2021-22

charitable trust and registered under the Bombay Public Trusts Act, 1950 vide registration certificate dated 30.05.2011. Return of income for A.Y. 2021-22 furnished on 19.10.2022. Audit Report on Form No.10AD which was due 2 BK Educational and Welfare Society to be filed on 15.01.2022 was furnished on 04.10.2022. Assessee has been granted provisional registration u/s.12AB effective from

DY. COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE, PUNE, SWARGATE, PUNE vs. SHREE CHANAKYA EDUCATION SOCIETY, AUNDH, PUNE

In the result, both the appeals filed by the Revenue and the Cross Objection filed by the assessee are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2014-15

unexplained credit. 6. Before the Ld. CIT(A) / NFAC it was submitted that the assessee is a public charitable trust registered u/s 12A of the Act and the return was filed by claiming exemption u/s 11 of the Act. It was argued that as per provisions of section 11, the entire income of the trust is exempt if more than

DY. COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE, PUNE, SWARGATE, PUNE vs. SHREE CHANAKYA EDUCATION SOCIETY, AUNDH ,PUNE

In the result, both the appeals filed by the Revenue and the Cross Objection filed by the assessee are dismissed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2014-15

unexplained credit. 6. Before the Ld. CIT(A) / NFAC it was submitted that the assessee is a public charitable trust registered u/s 12A of the Act and the return was filed by claiming exemption u/s 11 of the Act. It was argued that as per provisions of section 11, the entire income of the trust is exempt if more than

VASANTARAO SANAS EDUCATION SOCIETY,PUNE vs. ITO, EXEMPTION WARD 1(1), PUNE, PUNE

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

Bench: Shri R.K. Panda & Ms. Astha Chandra

charitable trust carrying activities of school, sports and other activities registered on 19.12.2000. As per the information on Actionable Information Monitoring System (AIMS) of the Department, the assessee had made cash deposits of specified bank notes worth Rs.14,00,000/- in its bank account in Wadgaon Dhayari branch of Jijamata Mahila Sahakari Bank during the demonetization period