ITO (EXEMPTIONS), JAMSHEDPUR vs. JYOTI PUNJ EDUCATIONAL AND WELFARE SOCIETY, JAMSHEDPUR
In the result, the appeal filed by the revenue is dismissed
ITA 144/RAN/2016[2005-06]Status: DisposedITAT Ranchi22 Feb 2019AY 2005-06
Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)
For Appellant: None appearedFor Respondent: Shri P.K. Mondal, JCIT, ld. Sr.DR
Section 12ASection 147
section 53A of transfer of property Act 1882 amounts to transfer from the A.Y 1988-89 onwards.
Possession need not necessarily be sole and exclusive possession. So long as the transferee is, by virtue of the possession given enabled to exercise general control over the property and to make use of it for the intended purpose, the mere fact that
