2020 (7) TMI 846

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....ayanta Khanra, JCIT, D/R ORDER PER J. SUDHAKAR REDDY, AM:- This appeal filed by the assessee is directed against the order of the Learned Commissioner of Income Tax (Appeals) - 12, Kolkata, (hereinafter the "ld.CIT(A)"), passed u/s. 250 of the Income Tax Act, 1961 (the 'Act'), dt. 12/06/2019 for the Assessment Year 2013-14. 2. After hearing rival contentions, I find that the sole issue....

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....No. 2436/Kol/2018, order dt. 22/01/2020, for the Assessment Year 2012-13, on the same issue held as follows:- ".....We note that in the provisions of section 11(1) it has been clearly mentioned "... 15% of the income", hence it is gross income of the assessee trust and not the net income. Therefore, based on this factual position as mentioned in Section 11(1) as noted above, we direct the....