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

ITA 727/CHNY/2011 | misc
Pronouncement Date: 29-03-2012 | Result: Allowed

Appeal Details

RSA Number 72721714 RSA 2011
Assessee PAN AAJTS3761K
Bench Chennai
Appeal Number ITA 727/CHNY/2011
Duration Of Justice 11 month(s) 9 day(s)
Appellant M/s. Sri Bhagawan Mahavir Digambara Jain Management Trust, CHENNAI
Respondent DIT, CHENNAI
Appeal Type Income Tax Appeal
Pronouncement Date 29-03-2012
Appeal Filed By Assessee
Order Result Allowed
Bench Allotted D
Tribunal Order Date 29-03-2012
Date Of Final Hearing 21-03-2012
Next Hearing Date 21-03-2012
Assessment Year misc
Appeal Filed On 20-04-2011
Judgment 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.