The Commissioner of Income Tax-IV vs. M/s.Pennar Industries Limited,

The appeals stand dismissed

Bench: GODA RAGHURAM,M.S.RAMACHANDRA RAO

Trust under Section 80G(5) of the Act which was valid from 1.4.2002 to 31.3.2007. On 4.8.2005, a search operation was conducted at the premises of the assessee as well as at the residence of the trustees. Further, vide order dated 30.1.2008, the registration granted to the assessee under Section 12AA of the Act was cancelled. A corrigendum was passed

M/S NATIONAL ACADEMY OF CONSTRUCTION vs. ASST. DIRECTOR OF INCOME TAX

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

trust?,,. He further stressed upon the ^,,^-.;^_ ^a r^--. _ qucsiloil oi iaii as iu -wirElher fhe Tritrunal shoulci have helci iirat, in any errent ancl without prejudice to the clairn of the appellants the denia! cf exemption on the u'hole of the receipt -itu-as illcgal at least the amount to be taxed should have been conflned to the amount