ACIT, NA vs. ARI CIRCLE, NAVSARIVS.M/S. MAROLI VIBHAG KHAND UDYOG SAHAKARI MANDALI LTD.,, NAVSARI

In the result, all the appeals are disposed of in the manner indicated\nhereinbefore

37(1) of the Act. The\nAR further submitted that disallowance of cane price and cane\ndevelopment results in taxation of notional, hypothetical and unrealistic\nincome, which is impermissible in law, as only real income can be subjected\nto tax.\n14.\nLastly, without prejudice to the preceding submissions, the AR argued\nthat even if the Revenue's stance were hypothetically

SAHAKARI KHAND UDYOG MANDAL LTD.,,GANDEVI vs. ACIT, NAVSARI CIRCLE, NAVSARI, NAVSARI

37(1) of the Act. The\nAR further submitted that disallowance of cane price and cane\ndevelopment results in taxation of notional, hypothetical and unrealistic\nincome, which is impermissible in law, as only real income can be subjected\nto tax.\n14.\nLastly, without prejudice to the preceding submissions, the AR argued\nthat even if the Revenue's stance were hypothetically

SAHADARI KHAND UDYOG MANDAL LTD.,,NA vs. ARIVS.ACIT, NAVSARI CIRCLE, NAVSARI, NAVSARI

37(1) of the Act. The\nAR further submitted that disallowance of cane price and cane\ndevelopment results in taxation of notional, hypothetical and unrealistic\nincome, which is impermissible in law, as only real income can be subjected\nto tax.\n14.\nLastly, without prejudice to the preceding submissions, the AR argued\nthat even if the Revenue's stance were hypothetically

ACIT, NA vs. ARI CIRCLE, NAVSARIVS.M/S. MAROLI VIBHAG, KAND UDYOG SAHAKARI MANDALI LTD., NAVSARI

In the result, all the appeals are disposed of in the manner indicated\nhereinbefore

37(1) of the Act. The\nAR further submitted that disallowance of cane price and cane\ndevelopment results in taxation of notional, hypothetical and unrealistic\nincome, which is impermissible in law, as only real income can be subjected\nto tax.\n14.\nLastly, without prejudice to the preceding submissions, the AR argued\nthat even if the Revenue's stance were hypothetically

MAROLI VIBHAG KHAND UDYOG SAHAKARI MANDALI LTD,.,NA vs. ARIVS.ACIT, NAVSARI CIRCLE, , NAVSARI

37(1) of the Act. The\nAR further submitted that disallowance of cane price and cane\ndevelopment results in taxation of notional, hypothetical and unrealistic\nincome, which is impermissible in law, as only real income can be subjected\nto tax.\n14.\nLastly, without prejudice to the preceding submissions, the AR argued\nthat even if the Revenue's stance were hypothetically

NAVBHARAT CHERITABLE TRUST,BHARUCH vs. INCOME TAX OFFICER, WARD-1, BHARUCH

In the result, all these three appeals of the assessee are allowed for statistical purposes

Bench: Shri Pawan Singh(Physical Hearing) Navbharat Charitable Trust, I.T.O., 0, Rajpardi Jhagadia, Bharuch, Ward-1, Vs. Gujarat, Pin-393115 Bharuch. Pan No. Aactn 0979 K Appellant/ Assessee Respondent/ Revenue

Charitable Trust Vs ITO 36. In view of the above, the connected two writ-applications also succeed and are hereby allowed. The impugned orders therein are quashed and set-aside and the delay condonation applications stand allowed. 37. It is declared that the writ-applicants are entitled to seek exemption under section 12 of the Act. The authorities below

ACIT, NA vs. ARI CIRCLE., NAVSARIVS.M/S. MAROLI VIBHAG KHAND UDYOG SAHAKARI MANDALI LTD,, NAVASARI

37(1) of the Act. The\nAR further submitted that disallowance of cane price and cane\ndevelopment results in taxation of notional, hypothetical and unrealistic\nincome, which is impermissible in law, as only real income can be subjected\nto tax.\n14.\nLastly, without prejudice to the preceding submissions, the AR argued\nthat even if the Revenue's stance were hypothetically

SHRI RAM EDUCATION & GRAMINVIKAS CHARITABLE TRUST,VALSAD vs. INCOME TAX OFFICER ( EXEMPTION WARD), SURAT

In the result, this appeal of the assessee is dismissed

Bench: Shri Pawan Singh & Dr. Arjun Lal Sainishri Ram Education & I.T.O., (Exemption Ward) Graminvikas Charitable Trust, Aayakar Bhavan, Vs. Jauagauri Park, Hathikhana, Majura Gate, Dharampur, Surat. Valsad-396050. Pan No. Aalts 324 F Appellant/ Assessee Respondent/ Revenue

Section 133(6) of the Act. The assessee-trust due to oversight, filed projected balance sheet which has actually been prepaid to submit before the banker for future financial need. There is no case of different balance sheet as on 31/3/2012 as presumed by Assessing Officer. From the balance sheet as on 31/3/2012, filed before the Charity Commissioner

NAVBHARAT CHARITABLE TRUST,BHARUCH vs. INCOME TAX OFFICER, WARD - 1, , BHARUCH

In the result, this appeal of the assessee is allowed for statistical purposes

Bench: Shri Pawan Singhita No. 383, 384 & 385/Srt/2022 (Assessment Years: 2017-18, 2018-19 & 2019-20) (Hearing In Virtual Court) Navbharat Charitable Trust, I.T.O., 0, Rajpardi, Jhagadia, Ward-1, Vs. Bharuch. Bharuch. Pan No. Aactn 0979 K Appellant/ Assessee Respondent/ Revenue

section of the society. It has further submitted that the return for A.Y. 2014-15 was filed on 27-9-2014 vide acknowledgement no. 370510010270914 claiming refund of Rs. 1,92,845/-. During the A.Y. 2014-15, it had accumulated an amount of Rs. 17,50,000/- and has also utilized it in the subsequent year itself. As the Trust

NAVBHARAT CHARITABLE TRUST,BHARUCH vs. INCOME TAX OFFICER, WARD - 1, , BHARUCH

In the result, this appeal of the assessee is allowed for statistical purposes

Bench: Shri Pawan Singhita No. 383, 384 & 385/Srt/2022 (Assessment Years: 2017-18, 2018-19 & 2019-20) (Hearing In Virtual Court) Navbharat Charitable Trust, I.T.O., 0, Rajpardi, Jhagadia, Ward-1, Vs. Bharuch. Bharuch. Pan No. Aactn 0979 K Appellant/ Assessee Respondent/ Revenue

section of the society. It has further submitted that the return for A.Y. 2014-15 was filed on 27-9-2014 vide acknowledgement no. 370510010270914 claiming refund of Rs. 1,92,845/-. During the A.Y. 2014-15, it had accumulated an amount of Rs. 17,50,000/- and has also utilized it in the subsequent year itself. As the Trust

NAVBHARAT CHARITABLE TRUST,BHARUCH vs. INCOME TAX OFFICER, WARD - 1, , BHARUCH

In the result, this appeal of the assessee is allowed for statistical purposes

Bench: Shri Pawan Singhita No. 383, 384 & 385/Srt/2022 (Assessment Years: 2017-18, 2018-19 & 2019-20) (Hearing In Virtual Court) Navbharat Charitable Trust, I.T.O., 0, Rajpardi, Jhagadia, Ward-1, Vs. Bharuch. Bharuch. Pan No. Aactn 0979 K Appellant/ Assessee Respondent/ Revenue

section of the society. It has further submitted that the return for A.Y. 2014-15 was filed on 27-9-2014 vide acknowledgement no. 370510010270914 claiming refund of Rs. 1,92,845/-. During the A.Y. 2014-15, it had accumulated an amount of Rs. 17,50,000/- and has also utilized it in the subsequent year itself. As the Trust

DY. COMMISSIONER OF INCOME TAX, CIR - 2(1)(1), SURAT, SURAT vs. SHREE SAYAN VIBHAG SAHAKARI KHAND UDYOG MANDLI LTD, SURAT

In the result, both the appeals filed by the Revenue are dismissed

Bench: Dr. B.R.R. Kumar, Vice-Ms Suchitra Kamble

Charitable Trust Fund, addition on account of denial of deduction claimed u/s 80P(2)(d) for Rs.4,02,59,235/- & addition of Rs. 1,57,55,966/- u/s 145A of the Act. 4. The assessee filed appeal before the Ld.CIT(A). The Ld.CIT(A) partly allowed the appeal of the assessee. 5. The Ld.DR submitted that as regard to ground

DEPUTY COMMISSIONER OF INCOME TAX, SURAT vs. SHREE SAYAN VIBHAG SAHAKARI KHAND UDYOG MANDLI LTD, SURAT

In the result, both the appeals filed by the Revenue are dismissed

Bench: Dr. B.R.R. Kumar, Vice-Ms Suchitra Kamble

Charitable Trust Fund, addition on account of denial of deduction claimed u/s 80P(2)(d) for Rs.4,02,59,235/- & addition of Rs. 1,57,55,966/- u/s 145A of the Act. 4. The assessee filed appeal before the Ld.CIT(A). The Ld.CIT(A) partly allowed the appeal of the assessee. 5. The Ld.DR submitted that as regard to ground

LOK BHARTI MANDAL,SURAT vs. THE INCOME TAX OFFICER (EXEMPTION) WARD, SURAT

In the result, appeal filed by the assessee is partly allowed in above terms

Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita No.212/Srt/2023 "नधा"रण वष"/Assessment Year: (2008-09) (Physical Hearing) Lok Bharati Mandal, Vs. The Ito, Bharatia Vidhya Sankul, Opp. Terapanthi (Exemption) Ward, Bhavan, City Light Ropad, Surat. Surat – 395007. (Assessee) (Respondent) "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaatl2524Q Assessee By Shri Hiren Vepari, Ca Respondent By Shri Vinod Kumar, Sr. Dr 04/05/2023 Date Of Hearing Date Of Pronouncement 16/06/2023

37 (Karnataka), wherein it was held that Where donation received by assessee-trust is kept in deposit account and income earned therefrom is utilized for charitable purposes, assessee is entitled to benefit of exemption under section 11(1