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3 results for “charitable trust”+ Unexplained Moneyclear

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Key Topics

Section 12A4Section 254(1)3Section 133(6)3Charitable Trust3Addition to Income3Section 69A2Section 115B2Section 1442Exemption2

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

In the result, this appeal of the assessee is dismissed

ITA 213/SRT/2018[2013-14]Status: DisposedITAT Surat16 Jan 2023AY 2013-14

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 10(23)(C)Section 11aSection 12ASection 133(6)Section 142(1)Section 254(1)

unexplained unsecured loan. The ld. AR of the assessee submits that during the assessment as well as before the ld. CIT(A), the 12 Shri Ram Education & Graminvikas Charitable Trust Vs ITO assessee furnished complete details of lenders including their names, address, PAN number and copy of ownership of land holdings. All three lenders have given very meagre amount

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, , VAPI vs. M/S MAHAVIR JAIN CHARITABLE TRUST, VALSAD

In the result, the grounds of Revenue’s appeal are dismissed

ITA 208/SRT/2023[2018-19]Status: DisposedITAT Surat18 Oct 2023AY 2018-19

Bench: Shri Pawan Singh & Dr Arjun Lal Sainiआ.अ.सं./Ita No.208/Srt/2023 (Ay 2018-19) (Hearing In Virtual Court) Deputy Commissioner Of M/S Mahavir Jain Income-Tax, Central Circle-Vapi, Charitable Trust, 410/411, Vs 9Th Floor, Fortune Square Ii, Amar Chambers, Station Daman Road, Chala, Vapi- Road, Opp. Lal School, 396191 Valsad-396001 Pan No. Aamts 6784 K अपीलाथ"/Appellant ""थ" /Respondent

Section 12ASection 131Section 132Section 143(3)Section 254(1)

money in cash. In various questions asked during the course of statement recorded under section 131, Ketan R Shah clearly stated that he do not know about where the land was located and who was the owner of that land. The assessee-trust contended that seized paper was unsigned without any name of actual owner / seller of the assessee

MADRESA HIMAYATUL ISLAM BACHCHON KA GHAR,BARDOLI vs. INCOME TAX OFFICER, EXEMPTION WARD, SURAT

In the result, the grounds of appeal raised by assessee are allowed for statistical purpose

ITA 279/SRT/2022[2017-18]Status: HeardITAT Surat02 Jan 2023AY 2017-18

Bench: Shri Pawan Singh(Physical Hearing) Madresa Himayatul Islam Bachchon Ka I.T.O. Ghar, Exemption Ward, Vs. Ground Floor Bachchon Ka Ghar, Surat. Kadod, Bardoli-394335. Pan No. Aadtm 1802 F Appellant/ Assessee Respondent/ Revenue

Section 115BSection 12ASection 133(6)Section 144Section 249Section 249(4)Section 254(1)Section 69A

charitable trust and running Madersa to impart education to poor students. The main source of assessee’s income is donation from public. The trust is not having registration under Section 12A/12AA. As no return of income was filed, thus, the Assessing Officer issued notices to assessee to furnish details of cash deposits as per CBDT Circular. The Assessing Officer recorded