trust deed, that during the assessment years under appeal, the trust could not be held to be a religious trust. Both the revenue ... basis of amended deed of trust, in our opinion, is itself a strong ground for treating the trust as charitable in nature
charitable trust to another for utilization by the donee trust towards its charitable objects is proper application of income for charitable purpose in the hands ... given by one charitable institution to another charitable institution amounted to application of income for charitable purposes and hence the donor trust was entitled
assessee trust whereas the activities of the
assessee trust are not charitable within section 2(15) of the Act.
-3-
2. On the facts ... assessee trust whereas the activities of the
assessee trust are not charitable within section 2(15) of the Act.
2. "On the facts
Ddit (E) I(1), Mumbai vs M.L. Charitable Trust, Mumbai on 2 November, 2016
आयकर अपीऱीय अधिकरण, मुंबई न्यायपीठ, फी, मुंबई ।
IN THE INCOME ... earned by the
trust in the subsequent year will have to be regarded as application of
income of the trust for charitable and religious purposes
general facts in brief are that assessee is a public charitable trust
duly registered under section 12A vide order dated 14.03.2005 and is also
duly ... Trust : 149 ITR 609, the Madras Court held that it
is well established that a decision on the question whether certain trust is a charitable
charitable purposes" and
do not withdraw such income for utilization for any purposes other than
"charitable purposes". In other words, the charitable ... Punjab and Haryana High Court in case of Pine Grove
International Charitable Trust (327 ITR 273). In that case, Chief CIT,
Chandigarh withdrew the exemption
High Court in case of director of income tax
versus Wallington charitable trust 330 ITR 24 upheld the finding of the Ld.
assessing officer. However ... 2013 dated 29 to 2016
e. IT (exemption) versus Suhasini charitable trust, Swami Narayanan
Akshardham temple ITA No. 4330/del/2012 dated 17/03/2016
that the assessee trust is
registered u/s 12AA of the Act. As per trust deed the main objects
of the trust are to work ... applied for charitable purposes. It is well
settled law that exemption under section 11(1A) for capital
gains for a charitable trust has been upheld
Urmila Devi Charitable Trust, New Delhi vs Cit(E), Lucknow on 13 June, 2019
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH ... Copy forwarded to: -
1. Appellant : M/s Urmila Devi Charitable Trust,
R-9/42, Raj Nagar, Ghaziabad,
Uttar Pradesh - 201 002.
2. Respondent : Commissioner
captioned
assessee is a Trust registered under the Bombay Public Trust Act, 1950 and is
also registered as a charitable trust under section ... read as under:-
"GROUNDS OF APPEAL
I. TREATING OF THE CHARITABLE TRUST AS MUTUAL CONCERN AND
THEREBY DENYING EXEMPTION
