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3 results for “house property”+ Section 23(2)clear

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Key Topics

Section 2634Section 112Section 11(1)(a)2Exemption2

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

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 the year during the year 65.73.64.136.73 22,79,04,609.17 Total Taxable Income Nil Unapplied fixed assets

RANJIT SINGH GHUMAN vs. C I T

ITA/216/2007HC Punjab & Haryana17 May 2024

Bench: The Revenue Authorities That A Sum Of ` 5,00,000/- Was Still Due To Be Paid & Varinder Singh 2024.05.21 13:43 I Attest To The Accuracy & Authencity Of This Order/Judgment

Section 158

2,05,000/-, ` 45,000/-, ` 80,000/-, ` 1,00,000/- and ` 70,000/- in various years from 2003 to 2006. Copies of the bank statements have been also placed in order to confirm the submissions made by the appellant with regard to the fact that the amount of ` 5,00,000/- was still due to be paid and the Income