SATYAM FOUNDATION,VARANASI vs. CIT (E),, LUCKNOW
In the result, the appeal filed by the assessee in ITA no
ITA 222/VNS/2019[2019-2020]Status: DisposedITAT Varanasi27 May 2022AY 2019-2020
Bench: Shri Vijay Pal Rao & Shri Ramit Kocharassessment Year: N.A Satyam Foundation, The Cit(Exemption), B-38/266 Kh-3, Tulsipur, V. 5Th Floor, South Block, T.C./46V, Mahmoorganj, Upsidc Ltd., Vibhutikhand, Varanasi-221002, Uttar Gomti Nagar, Lucknow Pradesh Pan: Aakts6783J (Appellant) (Respondent)
For Appellant: NoneFor Respondent: ShriRamendra Kumar
Section 12ASection 12A(1)
charitable entity. Further , it was observed by ld.
CIT(E) that the trust deed of the assessee does not have a clause that the beneficiaries are a section of public and not specific individuals .The ld. CIT(E) also observed that trust deed of the assessee does not have a clause that the assets/funds of the assessee will be used