Cit Vs. Vishnu Neman

Cit vs Vishnu Neman

Type Court Judgment Court Delhi Decided Mar 13, 2002

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Citation: sooperkanoon.com/710605
Court: Delhi High Court
Decided On: Mar 13, 2002
Case Number: IT Ref. No. 216 of 1983 13 March 2002
Subject: Direct Taxation

Case Summary

AI-generated summary - not the official court judgment text.

Key legal issue: Direct Taxation

Parties & Advocates

Appellant / Petitioner

Cit

Advocate R.D. Jolly and; Ajay Jha, for the Revenue; S.K. Aggarwal

Respondent

Vishnu Neman

Legal References

Reported In: [2002]123TAXMAN478(Delhi)

Excerpt

- following questions have been raised for opinion of this court by the tribunal, delhi bench b, under section 256(1) of the income tax act, 1961 (hereinafter referred to as the act) :'1. whether, on the facts and in the circumstances of the case, the tribunal is correct in law in holding that the assessed-trust was not hit by the provisions of section 13(2)(h), read with section 13(4) of the income tax act, 1961 ?2. whether, on the facts and in the circumstances of the case, the tribunal is correct in law in holding that the assessed-trust was entitled to exemption under section 11 in respect of its income amounting to rs. 91,297 ?'2. it is accepted at the bar that the aforementioned questions are covered by a decision of this court in cit v. sir sobha public charitable trust (2001) 250 itr 475 as also a decision of a division bench of this court in cit v. sir shri ram foundation (2001) 250 itr 55 .3. in view of the aforementioned pronouncements, the question referred is answered in the affirmative, against the revenue and in favor of the assessed.4. reference is accordingly disposed of.

Full Judgment

Following questions have been raised for opinion of this court by the Tribunal, Delhi Bench B, under section 256(1) of the Income Tax Act, 1961 (hereinafter referred to as the Act) :

'1. Whether, on the facts and in the circumstances of the case, the Tribunal is correct in law in holding that the assessed-trust was not hit by the provisions of section 13(2)(h), read with section 13(4) of the Income Tax Act, 1961 ?

2. Whether, on the facts and in the circumstances of the case, the Tribunal is correct in law in holding that the assessed-trust was entitled to exemption under section 11 in respect of its income amounting to Rs. 91,297 ?'

2. It is accepted at the bar that the aforementioned questions are covered by a decision of this court in CIT v. Sir Sobha Public Charitable Trust (2001) 250 ITR 475 as also a decision of a Division Bench of This court in CIT v. Sir Shri Ram Foundation (2001) 250 ITR 55 .

3. In view of the aforementioned pronouncements, the question referred is answered in the affirmative, against the revenue and in favor of the assessed.

4. Reference is accordingly disposed of.

Same Court & Year Delhi · 2002 Same Parties Cit vs Vishnu Neman Same Subject Direct Taxation

Direct Taxation