HOLYFAITH TRIBAL W AND D TRUST ,RANCHI vs. ITO EXEMPTION WARD, RANCHI
In the result, this appeal of the assessee is partly allowed for statistical purposes only
ITA 69/RAN/2024[2016-17]Status: DisposedITAT Ranchi29 Sept 2025AY 2016-17
Bench: Shri Sonjoy Sarma & Before Shri Sonjoy Sarma & Before Shri Sonjoy Sarma & Shri Ratnesh Nandan Sahayshri Ratnesh Nandan Sahayshri Ratnesh Nandan Sahay(Virtual Hearing) Holyfaith Tribal W & D Trust, Ranchi, Holyfaith Tribal W & D Trust, Ranchi, I.T.O., 406, Midland East Apartment, 406, Midland East Apartment, Exemption Ward, Exemption Ward, Vs. Anantpur, Chutia, Doranda, Anantpur, Chutia, Doranda, Ranchi. Ranchi-834002 (Jharkhand) 834002 (Jharkhand) Pan No. Aaath 5200 R Aaath 5200 R Appellant/ Assessee Appellant/ Assessee Respondent/ Revenue Respondent/ Revenue
Section 11Section 13(1)Section 133(6)Section 17
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Holyfaith Tribal W & D Trust Vs ITO(E)
application of income for charitable or religious purposes. During course of assessment proceedings, it was found by the Assessing Officer that out of ₹ 63,99,901/- of foreign contribution received, ₹ 9,81,735/- was transferred from designated FC bank account to unautorised FC utilization bank account of the assessee trust