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
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 expenditure
during the year
:
42,94,59,527.56”
3.
The PCIT invoking its powers under Section 263 of the Act
revised the assessment order
