ASSISTANT COMMISSIONER OF INCOME-TAX, EXEMPTION CIRCLE ,, AURANGABAD vs. M/S. EVEREST EDUCATION SOCIETY,, AURANGABAD
In the result, both the appeals of the Revenue in ITA Nos
ITA 1917/PUN/2017[2009-10]Status: DisposedITAT Pune03 Feb 2021AY 2009-10
Bench: Shri Inturi Rama Rao & Shri Partha Sarathi Chaudhuryआयकर अपीऱ सं. / Ita Nos. 1916 & 1917/Pun/2017 नििाारण वषा / Assessment Years : 2008-09 & 2009-10 The Assistant Commissioner Of Income Tax, Exemption Circle, Aurangabad. .......अऩीऱाथी / Appellant बिाम / V/S. M/S. Everest Education Society, C/O. Seema Nursing Home, Roshan Gate, Aurangabad Pan : Aaate2231P ……प्रत्यथी / Respondent
For Appellant: Shri Kishore PhadkeFor Respondent: Shri S.P. Walimbe
Section 11Section 11(1)(a)Section 115BSection 12ASection 147Section 148Section 80G
184/- against which it had applied
Rs.2,28,40,334/- (i.e.60.99%) towards objects/maintenance, leaving a surplus of Rs.2,29,09,185/-. Even after taking into consideration exemption under section 11(1)(a) at 15% of gross receipt, amounting to Rs.68,00,664/- which is permitted to be accumulated without any conditions, there remains a taxable surplus of Rs.89
