2011 (9) TMI 576

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....ssessee received a sum of Rs. 20,000 and Rs. 21 lakhs contribution towards corpus fund. Rs. 20,000 received has been paid to Karnataka Housing Board for allotment of site for the purpose of putting up a Temple. Rs. 21 lakhs received as contribution towards corpus fund is kept in Fixed Deposit. No portion of this corpus amount has been utilized by the assessee, accusing them of utilizing this amoun....

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....by ignoring the finding recorded by the Assessing Officer that no charitable activity was carried on by the assessee and that the corpus fund also not utilized for charitable purpose? (iii)  Whether the Appellate Authorities were correct in not taking into consideration the fact that the Assessing Officer had recorded a finding that there was no genuine trust in existence and consequently th....