Kharadi Jain Samaj Trust, Pune vs Commissioner Of Income Tax, ... on 9 July, 2024
He also contended that the law mandates the trust to be either religious or
charitable but the application of the assessee describes the assessee as
carrying out activities as religious-cum-charitable which is contrary to the
mandate of law. Apart from the decision relied upon the Ld. CIT(E), the Ld.
DR laid emphasis on the decision of Rajkot Tribunal in the case of Amreli
Modh Vanik Community Property Vs. CIT (Exemption) (2023) 150
taxmann.com 179 (Rajkot-Trib.).