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4 results for “house property”+ Exemptionclear

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Key Topics

Section 2634Exemption3Section 1582Section 112Section 54F2Section 11(1)(a)2House Property2

COMMISSIONER OF INCOME TAX vs. NAVJOT SINGH SIDHU

ITA/525/2006HC Punjab & Haryana25 Jan 2023

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

Section 132Section 142Section 158Section 260

house property; unexplained household expenses and unexplained credits in Bank A/cs etc. Aggrieved with the aforesaid order of Assessing Officer, the respondent preferred an appeal before the CIT (A)-I, Ludhiana, who vide its order dated 03.03.2003 partly allowed the appeal filed by the respondent. The CIT (A)- Ludhiana deleted the additions made on account of (i) gift from Arvinder

THE COMMISSIONER OF INCOME TAX NEW DELHI vs. MANJIT SINGH BAIDWAN

ITA/59/2023HC Punjab & Haryana09 May 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MRS. JUSTICE SUDEEPTI SHARMA

Section 54F

Exemption application is allowed esent appeal assails the order pas n the Tribunal has held as under: “5. On the other hand, t assessee supporting the order pas submitted that since the order pass based on the provisions of law and udgement of the Hon'ble Gujarat H Leena Jugal Kishore Shah Vs ACI AB AND HARYANA

M/S PUNJAB INSTITUTE OF MEDICAL SCIENCES, GARHA ROAD , JALANDHAR vs. COMMISSIONER OF INCOME TAX JALANDHAR AND ANR

ITA/271/2014HC Punjab & Haryana04 Dec 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH

Section 11

property held under trust wholly for charitable or religious purposes during the previous year in which such services are so provided and shall be chargeable to income- tax notwithstanding the provisions of sub-section (1) of section 11. Explanation. For the purposes of this sub-section, the expression "value" shall be the value of any benefit or facility granted

PR. COMMISSIONER OF INCOME TAX (CENTRAL) GURUGRAM vs. M/S MAHARISHI MARKANDESHWAR UNIVERSITY TRUST

ITA/41/2021HC Punjab & Haryana24 Sept 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MR. JUSTICE SANJAY VASHISTH

Section 11(1)(a)Section 263

exemption of accumulation of 15% of the gross receipts and computed the same as under:- “Income from other sources Income from other sources Net surplus as per income & expenditure : 19,58,26,770.17 account Add: Development fund receipts as discussed in para 4. : 7.22.96.300.00 26,81,23,070.17 Less: 15% set apart or accumulated u/s 11(1)(a) : 4.02.18.461.00 Income