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Showing contexts for: MAHASEMAM in Principal Commissioner Of Income Tax vs M/S.Mahasemam Trust on 17 October, 2019Matching Fragments
(Delivered by Dr.VINEET KOTHARI, ACJ) These Tax Case Appeals have been filed by the Revenue, calling in question the correctness of the order passed by the Income Tax http://www.judis.nic.in Judgt. dt. 17.10.19 in T.C.A.760 & 762/19 PCIT v. Mahasemam Trust Appellate Tribunal, 'C' Bench, Chennai, dated 9.8.2017 made in ITA Nos.2919/Mds/2016 & 2920/Mds/2016, by raising the following substantial questions of law:
(iv) Whether the Tribunal is correct in law in concluding that the consultation fee paid to the Trustees/Relatives of the Trustees is reasonable and that there is no http://www.judis.nic.in Judgt. dt. 17.10.19 in T.C.A.760 & 762/19 PCIT v. Mahasemam Trust violation of any of the provisions of the Act, ignoring the fact that the amount paid to them is not proportionate to the services rendered by them especially when such service was rendered only by other trusts and the assessee had only acted as a facilitator, and as such there is a violation of the provisions of Section 13(2)(c) of the Income Tax Act?"
3. In the instant cases, the tax effect is said to be less than the monetary limit imposed and therefore, the Appeals filed by the Revenue are dismissed, as withdrawn, keeping open the substantial questions of law for determination in appropriate cases. No costs.
(V.K.,ACJ.)(C.S.N.,J) 17.10.2019 http://www.judis.nic.in Judgt. dt. 17.10.19 in T.C.A.760 & 762/19 PCIT v. Mahasemam Trust Index : Yes/No Internet : Yes/No ssk.
To
1. Principal Commissioner of Income Tax Central 2, No.108, Mahatma Gandhi Road, Chennai
2. Income Tax Appellate Tribunal, 'C' Bench, Chennai.
3. The Income Tax Officer, Ward II(4), Madurai.
4. M/s.Mahasemam Trust, No.2/47-B, Melur Road, Uthangudi, Madurai 625 107.