M/s. Sri Bhagawan Mahavir Digambara Jain Management Trust, CHENNAI V. DIT, CHENNAI

ITA 727/CHNY/2011

• Counselvise Citation: [2012] 140 COUNSELVISE.COM (IT) 58156 (ITAT-CHENNAI)
• Duration Of Justice: 11 month(s) 9 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-03-2012
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: D
• Next Hearing Date: 21-03-2012
• Assessment Year: misc
• Appeal Filed On: 20-04-2011
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: K E B RENGARAJAN JR
• Assessee Lawyers: ANAND DEVKUMAR
• Keywords: Charitable institution
• Section: 80G; 12AA

Judgement Text

IN THE INCOME-TAX APPELLATE TRIBUNAL CHENNAI D BENCH, CHENNAI. BEFORE DR. O.K. NARAYANAN, VICE-PRESIDENT & SHRI CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER I.T.A. NO. 727/MDS/2011 M/S. SRI BHAGAWAN MAHAVIR DIGAMBARA JAIN MANAGEMENT TRUST, NO. 23, PERUMAL KOIL STREET, SAIDAPET, CHENNAI 600 015. [PAN:AAJTS3761K] VS. THE DIRECTOR OF INCOME TAX (EXEMPTIONS),AYAKAR BHAWAN, ANNEXE BUILDING III FLOOR, 121, MAHATMA GANDHI ROAD, NUNGAMBAKKAM, CHENNAI 600 034. (APPELLANT) (RESPONDENT) ASSESSEE BY : SHRI A NAND DEVKUMAR, C.A. REVENUE BY : SHRI K.E.B. RENGARAJAN, JR. STANDING COUNSEL DATE OF HEARING : 21.03.2012 DATE OF PRONOUNCEMENT : 29.03.2012 ORDER PER CHALLA NAGENDRA PRASAD, JUDICIAL MEMBER THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST THE ORDER OF THE DIT(EXEMPTIONS), CHENNAI DATED 30.11.2010 IN DIT(E) NO. 2(117)/10-11. SHRI ANAND DEVKUMAR, CA REPRESENTED ON BEHALF OF TH E ASSESSEE AND SHRI K.E.B. RENGARAJAN, JR. STANDING COUNSEL REPRESENTED ON BEHALF OF THE REVENUE. 2. THE DIT(E) HAS REJECTED THE REGISTRATION UNDER SECTION 12AA ON THE GROUND THAT THE ASSESSEE TRUST IS A RELIGIOUS TRUS T. THE DIT(E) ALSO REJECTED THE APPLICATION FOR GRANT OF APPROVAL UNDER SECTION 80G OF THE ACT. I.T.A. I.T.A. I.T.A. I.T.A. NO. NO. NO. NO.727 727727 727/M/ /M/ /M/ /M/11 1111 11 2 3. WE HAVE HEARD BOTH THE SIDES AND PERUSED THE MA TERIALS AVAILABLE ON RECORD. 4. IT IS TO BE SEEN THAT SECTION 11 OF THE ACT PRO VIDES FOR EXEMPTION NOT ONLY FOR THE CHARITABLE INSTITUTIONS, BUT ALSO FOR RELIGIOUS INSTITUTIONS. THE DIT(E) IS THEREFORE NOT JUSTIFIED IN REJECTING THE APPLICATIONS OF THE ASSESSEE TRUST FOR REGISTRATION UNDER SECTION 12AA AND GRANT OF APPROVAL UNDER SECTION 80G. WE, THEREFORE SET ASIDE THE IMPUGNED ORDER OF THE DIT(E) AND DIRECT THE DIT(E) TO GRANT REGISTRATION UNDER SECTION 12AA OF THE ACT. WE ALSO DIRECT THE DIT(E) TO GRANT APPROVAL UNDER SECTION 80G SUBJ ECT TO THE PROVISIONS OF SECTION 80G(5B) OF THE ACT. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS AL LOWED. ORDER PRONOUNCED IN OPEN COURT ON 29.03.2012. SD/- SD/- (DR. O.K. NARAYANAN) VICE-PRESIDENT (CHALLA NAGENDRA PRASAD) JUDICIAL MEMBER CHENNAI, DATED, THE 29.03.2012 VM/- TO: THE ASSESSEE//A.O./CIT(A)/CIT/D.R.