TaxTMI 
TaxTMI 
2015 (4) TMI 327
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....nathan and Jevitha Chatarjee, Advs. JUDGMENT The Revenue has preferred this appeal challenging the order passed by the Tribunal, holding that there is no violation of provisions of Sec.13(1)(c) of the Income Tax Act, 1961, and also the relevant provision for grant of exemption under Section 11. 2. The assessee is a Trust registered under Section 12A of the Income Tax Act, 1961 (for short herein....
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.... of the provisions of Section 13(1)(c) of the Act and therefore it set aside the order of the Assessing Authority. The Revenue preferred an appeal to the Tribunal. The Tribunal, on consideration of the material on record, held that the payments made to the trustees for the services rendered by them for the Trust, is not excessive. The increase in the remuneration is in proportion to growth of the ....
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....earned counsel for the parties. 5. The payments of the aforesaid amounts to the trustees, out of the Trust amount, is not in dispute. The Tribunal has clearly set out the services rendered by these trustees for the Trust and thereafter it has come to the conclusion that the said amount paid, are reasonable and not excessive. When the Trust is availing the services of these trustees and on account....