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TMI Blog2018 (12) TMI 885X X X X Extracts X X X X X X X X Extracts X X X X ..... t for which there was a clear violation and a finding that the bus had not been used by the trust but rather had been used by the trustee for his own family business. The Tribunal has upheld the order of AO and the CIT and has deleted the exemption in respect of the amount sought towards the bus expenses. No other amount has been added or deleted. The Hon'ble Apex Court in a recent judgement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Whether on a true and correct interpretation of law, benefit of exemption u/s 11 of the Income Tax Act, to an entity, duly registered u/s 12AA of the Act, is deniable, by Assessing Officer citing an alleged violation of the provisions of Section 13 of the Act ? 2. Whether on a true and correct interpretation of law it is open for an Assessing Authority to exercise the Powers contained u/s 12A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by M/s. Kailash Vidya Lok Inter College, Meharban Singh Ka Purwa, Kanpur. It is pertinent to mention here that mention here that M/s. Kailash Vidya Lok Inter College, Meharban Singh Ka Purwa, Kanpur is not run under the trust M/s Divya Jan Kalyan Trust. M/s. Kailash Vidya Lok Inter College, Meharban Singh Ka Purwa, Kanpur is run by the family of the trustee which is also violation of Section 13 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cordingly, the income has been assessed rightly in the status of AOP. During the appeal proceedings also, the details and evidences regarding the disallowances made out of such expenditures have not been explained fully for the purpose of the trust. Thereby, the additions made by the AO are hereby confirmed. From a reading of the assessment order, the CIT's order and Tribunal's order ..... X X X X Extracts X X X X X X X X Extracts X X X X
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