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Documents citing The Commissioner Of Income Tax, ... vs M/S Krishi Utpadan Mandi Samiti, ... on 25 January, 2010

The Commissioner Of Income Tax, ... vs M/S Krishi Utpadan Mandi ... on 27 January, 2010

80-83 of 2007 (C.I.T. Vs. Krishi Utpadan Mandi Samiti, Lucknow & Ors.), upheld the orders of the Tribunal in other words, these Institutions were accepted by this Court as Charitable Institution for the assessment year in 2003-04 and subsequent assessment years including the assessment years under consideration. Once, these assessee are declared "Charitable Institutions", their income is exempted from Income Tax. When income is exempted then there is no justification to make additions and the same are likely to be deleted. The Tribunal has already deleted these additionsl by treating the assessees as "Charitable Institutions". No interference is required in the impugned order in view of the order passed by this Court (supra).
Allahabad High Court Cites 3 - Cited by 0 - Full Document

The Commissioner Of Income Tax, ... vs M/S Krishi Utpadan Mandi Samiti, ... on 27 January, 2010

80-83 of 2007 (C.I.T. Vs. Krishi Utpadan Mandi Samiti, Lucknow & Ors.), upheld the orders of the Tribunal in other words, these Institutions were accepted by this Court as Charitable Institution for the assessment year in 2003-04 and subsequent assessment years including the assessment years under consideration. Once, these assessee are declared "Charitable Institutions", their income is exempted from Income Tax. When income is exempted then there is no justification to make additions and the same are likely to be deleted. The Tribunal has already deleted these additionsl by treating the assessees as "Charitable Institutions". No interference is required in the impugned order in view of the order passed by this Court (supra).
Allahabad High Court Cites 3 - Cited by 2 - Full Document

The Commissioner Of Income Tax, ... vs M/S Krishi Utpadan Mandi Samiti, ... on 27 January, 2010

80-83 of 2007 (C.I.T. Vs. Krishi Utpadan Mandi Samiti, Lucknow & Ors.), upheld the orders of the Tribunal in other words, these Institutions were accepted by this Court as Charitable Institution for the assessment year in 2003-04 and subsequent assessment years including the assessment years under consideration. Once, these assessee are declared "Charitable Institutions", their income is exempted from Income Tax. When income is exempted then there is no justification to make additions and the same are likely to be deleted. The Tribunal has already deleted these additionsl by treating the assessees as "Charitable Institutions". No interference is required in the impugned order in view of the order passed by this Court (supra).
Allahabad High Court Cites 3 - Cited by 0 - Full Document
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