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
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 required to be applied as per
22,79,04,609.17
Section 11(1)(a)
Less: Fixed assets considered as applied
towards income from properties held for
charitable purposes during