2021 (1) TMI 1205

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....ARYYA Mr. Debashis Chowdhury, Adv. ... for the appellant/revenue Mr. Akhilesh Gupta, Adv. ... for the respondent ORDER The Court : This appeal by the revenue filed under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 17th March, 2017 passed by the Income Tax Appellate Tribunal, "A" Bench, Kolkata (Tribunal) in ITA No. 19/Kol/2016 for the assessme....

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....ed standing Counsel appearing for the appellant/revenue and Mr. Akhilesh Gupta, learned Counsel for the respondent/assessee. The respondent/assessee is a Trust having been constituted by a Deed of Trust dated 12th July, 1944. It filed an application in Form No. 10A for registration on 14th July, 2015. The said application was rejected by the Commissioner of Income Tax (Exemptions), Kolkata CIT(....

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....vailable funds including the immovable and movable assets of the Trust to be handed to any other Trust having similar objects and operating within the Union of India. Further, if no such Trust is found, the property shall be vested to the Government. This resolution was annexed as Annexure No. IV to the grounds. The Tribunal after considering the factual position and on examining the records place....