2009 (1) TMI 868

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....th Oct., 2007 passed by the Income-tax Appellate Tribunal, Jodhpur Bench, Jodhpur (in short 'the Tribunal' hereinafter) in ITA No. 227/Jd/2004, whereby the appeal of the assessee company for the asst. yr. 1998-99, against the order dt. 16th March, 2004 passed by the Commissioner of Income-tax (Appeals), Udaipur [in short 'the CIT(A)' hereinafter], confirming the disallowance of Rs.....

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....1961, which was confirmed by the learned CIT(A) vide order dt. 16th March, 2004. 3. However, the learned Tribunal after due consideration of rival submissions of the parties, arrived at the finding that since ownership of the school building lies with the trust, no benefit of enduring nature in the capital field or for acquisition of any asset is derived by the assessee, therefore, the donation....