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Documents citing S.C.Brothers, Mumbai vs Dcit Cir 24(3), Mumbai on 13 July, 2018

Mesers Sukhmani Society For Citizens ... vs Income Tax (Exemptions) , Jalandhar on 14 July, 2022

From above discussion the assessee-trust is giving service for benefit of the people as per the scheduled activities directed by the State Government. The assessee-trust cannot be solely in business purpose. The observation of income and expenditure account the assessee-trust is maintaining accounts as per provision of section 11 of the Act. The objective is the benefit to the people in their social activity which the assessee-trust is served through its activities. The larger people of society have been benefitted through the activities. The income expenditure account of the assessee-trust is maintained as per the provisions of section 11 of the Act. Here, we are not inclining to the order of Revenue Authorities. The assessee is eligible for 6 ITA No. 656/Asr/2017 Sukhmani Society for C. S. v. DCIT deduction u/s 11 as per the Act. Accordingly, the addition of the assessee is deleted.
Income Tax Appellate Tribunal - Amritsar Cites 11 - Cited by 0 - Full Document

M/S. R.C.Bansiwal & Brothers, Ajmer vs Deputy Commissioner Of Income Tax, ... on 10 September, 2018

M/s R.C. Bansiwal & Brothers vs. DCIT "During the course of assessment proceedings, it has submitted that the assessee the assessee is engaged in civil contractor ship business. It is also submitted that during the year under consideration the assessee has executed the contract of Mayo College General counsel and Society of Catholic diocession of Jaipur. The total contract receipt has been declared at Rs. 1,62,84,311/- which is matched with 26AS statement. The TDS has also been claimed as per 26AS statement. During the course of assessment proceeding, the the assessee was specifically asked to produce the bills and vouchers of purchases of Bricks, cement, conceret, sand stone as well as expenditure debited in P&L a/c. It is explained that though the computerised books which were kept in computer is ready for verification but certain bills and vouchers of purchases are missing being old matter and are not subject to verification. It is further contended that this is a case of partnership firm and before allowing salary to partners the remaining profit is more than 8%. It is not case of no books of a/c and turnover of the assessee is also more than the limit prescribed u/s 44AB of the Act. Therefore, in absen ce of bills and vou chers of purchases/ expenditure, the true profit cannot be ascertained. Considering the nature of expenses and debited in books of a/c which is almost in cash and cannot be verified fully. Therefore, a sum of Rs. 2,60,000/- disallowed being n ot verifiable and incurred for non business expediency and accordingly added to the total in come of the assessee."
Income Tax Appellate Tribunal - Jaipur Cites 1 - Cited by 0 - Full Document
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