BHANSILAL RAMNATH AGARWAL CHARITABLE TRUST vs. DEPUTY COMMISSIONER OF INCOME-TAX,,
In the result, both the appeals of the assessee are partly allowed
ITA 1133/PUN/2016[2008-09]Status: DisposedITAT Pune01 Jun 2018AY 2008-09
Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.1147, 1133, 1134 & 1136/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2007-08 To 2009-10 & 2011-12 वष"
For Appellant: Shri Nikhil PathakFor Respondent: Smt. Nirupama Kotru, CIT-DR
Section 11Section 36
section
13 of the Act. AO also suspected the siphoning of funds by the trustees
and eventually, held that trust funds are diverted for the benefits of the
principal trustee. AO referred to the addition of item No.5 (page 4 N-
ante) and mentioned that securing of loans without providing the
guarantee and without charging of interest, constitutes the case