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TMI Blog2020 (3) TMI 344X X X X Extracts X X X X X X X X Extracts X X X X ..... on later in the year 2016. - ITAT allowed the benefit of exemption for the AY 20105-16 also - HELD THAT:- There is no question of law arising for consideration as the appeal is devoid of merits. However, liberty is given to the Department to proceed against the trustees and committee members dealing with administration and the monies of the temple for the mismanagement and misappropriation lead ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (v) of the Income Tax Act, 1961, income received on behalf of trusts or institutions operating wholly for religious or charitable purposes is exempted for the purpose of the calculation of income tax under the Act. Section 10 (23C) provides that in computing the total income of a previous year of any person, any income falling within any of the clauses shall not be included. However, the exemption ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dent being aware of this did not apply for approval under Section 10 (23C) (v) for the Assessment Year 2015- 2016 by September 2015 as required under Section 10 (23C). The respondent filed an application for exemption later in the year 2016. The Appellant considered this application and granted exemption to the respondent by way of its Order dated 03.11.2016 which was to be effective from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt filed the present appeal before this Court. 6.Heard Mr.J.Narayasamy, learned Senior Standing Counsel for the appellant and Mr.N.V.Balaji, learned Counsel for the respondent. 7.There is no question of law arising for consideration as the appeal is devoid of merits. However, liberty is given to the Department to proceed against the trustees and committee members dealing with administrat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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