M/S QUEEN'S EDUCATIONAL SOCIETY vs. COMMR.OF INCOME TAX
C.A. No.-005167-005167 - 2008Supreme Court16 Mar 2015
Bench: The Uttarakhand High Court, Nainital, May Be Gleaned From The Facts Of One Of Them, Namely, The Queen’S Educational Society Case. The Appellant Filed Its Return For Assessment Years 2000-2001 & 2001-2002 Showing A Net Surplus Of Rs.6,58,862/- & Rs.7,82,632/- Respectively. Since The Appellant Was Established With The Sole 2
Section 10Section 10(22)Section 260A
58,862/- and
Rs.7,82,632/- respectively. It was also noticed that
the appellant society had made investment in fixed
assets including building at Rs.9,52,010/- in F.Y.
1999-2000 and Rs.8,47,742/- in FY 2000-01
relevant for Asstt. Years 2000-01 and 2001-02
respectively. Thus, if the amount of investment into
fixed assets such
