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2 results for “charitable trust”+ Section 254(1)clear

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Karnataka432Mumbai157Delhi156Surat92Chennai48Pune47Jaipur41Ahmedabad33Lucknow32Bangalore28Hyderabad22Calcutta18Amritsar17Chandigarh17Cuttack13Cochin9Nagpur9Rajkot8Telangana8Kolkata7SC5Raipur5Agra3Rajasthan3Varanasi3Allahabad2Visakhapatnam2Andhra Pradesh1Jodhpur1Punjab & Haryana1T.S. THAKUR ROHINTON FALI NARIMAN1Indore1

Key Topics

Section 115Section 12A3Section 143(3)3Exemption2Limitation/Time-bar2

INCOME TAX OFFICER (EXEMPTIONS),, RAJAHMUNDRY vs. AGRICULTURAL MARKET COMMITTE, , PENUGONDA

In the result, appeal filed by the Revenue as well as cross objection filed by the assessee is dismissed

ITA 315/VIZ/2018[2003-2004]Status: DisposedITAT Visakhapatnam27 Mar 2019AY 2003-2004

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleito (Exemptions), Vs. M/S. Agricultural Market Rajahmundry. Committee, Sidhantam Road Market Yard, Penugonda, West Godavari District Pan No. Aaala 0388 F (Appellant) (Respondent)

For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Smt. Suman Malik – Sr.DR
Section 11Section 12ASection 143(3)

254, consequent to the order of the ITAT, Vizag in ITA no. 105/VIZ/2009, the assessee filed a letter dt.25.01.2014, requesting exemption of its income C.O.No. 110/VIZ/2018 (M/s. Agricultural Market Committee) u/s. 11. As per the receipts and charges account, audited by the State Audit Department of the Govt. of A.P during the year, assessee’s gross income was Rs. 1

INCOME TAX OFFICER (EXEMPTIONS), RAJAHMUNDRY vs. AGRICULTURAL MARKET COMMITTE,, AKIVEEDU

In the result, appeal filed by the Revenue and the cross objection filed by the assessee are dismissed

ITA 316/VIZ/2018[2005-2006]Status: DisposedITAT Visakhapatnam23 Aug 2019AY 2005-2006

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleito (Exemptions), Vs. M/S. Agricultural Market Rajahmundry. Committee, Siddhantham Road, Market Yard, Akiveedu, W.G. District. Pan No. Aakfa 8420 C (Appellant) (Respondent)

For Appellant: Shri G.V.N. Hari – AdvocateFor Respondent: Shri V. Appalra Raju– Sr.DR
Section 10(20)Section 11Section 11(2)Section 11(5)Section 12ASection 143(3)

254 of the Act on 30/03/2015 by observing that as per the decision of the Hon'ble Calcutta High Court in the case of DIT (Exemptions) Vs. Trustees of Singhania Charitable Trust (199 ITR 819) accumulation should be specific purpose and also noticed that the Hon'ble ITAT, Visakhapatnam Bench has no occasion to consider the judgment and therefore