INCOME TAX OFFICER (EXAMPTION) WARD, SURAT vs. SHREE SAIBABA SATSANG MANDAL, SURAT
In the result, appeal of the Revenue is dismissed
ITA 233/SRT/2017[2014-15]Status: DisposedITAT Surat31 Dec 2021AY 2014-15
For Appellant: Shri Mehul K. Patel, ARFor Respondent: Shri H.P.Meena, CIT-DR
Section 11Section 143(3)
b) The Hon'ble ITAT Ahmedabad in the case of ITO v/s Satya Kabir Sahabani
Gadi (1994) 50 TTJ (Ahd) 501 held that ‘Building Fund and Kayami Fund were ‘Corpus Funds’In this case, it was held that receipts received from a drama staged for the purpose of construction of a new building formed ‘Corpus
Fund’. The relevant portion
