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1 - 6 of 6 (0.32 seconds)Commissioner Of Income Tax Amritsar vs Tattan Trust Amritsar Etc on 8 July, 1997
Apart from this, other two judgments cited by ld DR viz: CIT Vs. Rattan Trust
(1997) 227 ITR 356(SC)and Champa Charitable Trust Vs. CIT [214 ITR
764(Bombay) (supra), do not apply to the assessee`s facts under
consideration.
Champa Charitable Trust vs Commissioner Of Income-Tax on 5 December, 1994
Apart from this, other two judgments cited by ld DR viz: CIT Vs. Rattan Trust
(1997) 227 ITR 356(SC)and Champa Charitable Trust Vs. CIT [214 ITR
764(Bombay) (supra), do not apply to the assessee`s facts under
consideration.
M/S. R.B. Shreeram Religious & ... vs The Commissioner Of Income-Tax, ... on 16 July, 1998
The ld DR for the Revenue also relied on the judgment of
Trustees of Singhania Charitable Trust, 199 ITR 819 ( Cal), wherein it was
held that for purposes of accumulation of income under section 11(2),
assessee must specify in the notice in Form 10 the concrete nature of the
purpose(s) for which accumulation is being made.The ld DR further relied on
the judgment ofChampa Charitable Trust Vs. CIT [214 ITR 764(Bombay),
wherein it was held that Bar of s. 13(1)(ii) applied where the assessee
applied its income for the benefit of a trust which was a substantial
contributor to the assessee itself. In addition to this, the ld. DR for the
Revenue has primarily reiterated the stand taken by the Assessing Officer,
which we have already noted in our earlier para and is not being repeated
for the sake of brevity.
Section 13 in The Income Tax Act, 1961 [Entire Act]
Section 254 in The Income Tax Act, 1961 [Entire Act]
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