M/s. Bai Manekbai Bhagwandas Shivji Charity Trust, M.B.S. Sanatorium Building, 59, Walkeshwar Road, Mumbai 400 012 Vs. Director of Income-tax (Exemption), 6th Floor, Piramal Chambers, Parel, Mumbai 400 012
March, 19th 2015
IN THE INCOME TAX APPELLATE TRIBUNAL,
MUMBAI BENCH "B", MUMBAI
BEFORE SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AND
SHRI SANJAY GARG, JUDICIAL MEMBER
M/s. Bai Manekbai Director of Income-tax
Bhagwandas Shivji Charity (Exemption),
Trust, 6th Floor, Piramal Chambers,
M.B.S. Sanatorium Building, Parel,
59, Walkeshwar Road, Mumbai 400 012
Mumbai 400 012
PAN: AAATB 1747K
Assessee by : Shri Nitesh Joshi, A.R./Shri Vipul K. Mody, A.R.
Revenue by : Shri S.J. Singh, D.R.
Date of Hearing : 15.01.2015
Date of Pronouncement : 18.03.2015
Per Sanjay Garg, Judicial Member:
The present appeal has been preferred by the appellant trust against the
order dated 29.04.2011 of the Director of Income Tax (Exemptions)
[(hereinafter referred to as DIT(E)] vide which he has rejected the application
of the appellant trust for registration under section 12A of the Income Tax Act.
2. At the outset, the Ld. A.R. of the assessee has stated that the application
of the appellant trust has been rejected by the Ld. DIT(E) on the ground that
the appellant trust has given a part of its premises to Maharshi Vidya Mandir
on leave and license basis to enable them to carry out the activity of imparting
primary education to needy children. He has further stated that the income
derived from the said leave and license fees is utilized by the trust to achieve
2 M/s. Bai Manekbai Bhagwandas Shivji Charity Trust
its objects. He has further stated that the activities carried out by the appellant
trust were genuine as per objects laid out in the trust deed. He has further
stated that one of the objects of the trust is to impart education to the needy
On the other hand, the Ld. D.R. has relied upon the findings of the Ld.
3. We have considered the rival contentions of both the parties. We find
that the contention of the Ld. A.R. has been that the property held under the
trust has been used for charitable purposes and that the letting out of the
property is not for any commercial purposes but to an institution for carrying
out the activity of imparting primary education to needy children. Further, that
the income earned from such letting out of property has been utilized by the
trust for the objects of the trust. These contentions have not been looked into
by the Ld. DIT(E) while passing the impugned order. We therefore restore the
matter back to the file of the Ld. DIT(E) to look into the contentions raised by
the assessee and decide the matter afresh in accordance with law.
4. In the result, the appeal of the appellant trust is allowed for statistical
Order pronounced in the open court on 18.03.2015.
(B.R. Baskaran) (Sanjay Garg)
ACCOUNTANT MEMBER JUDICIAL MEMBER
Mumbai, Dated: 18.03.2015.
* Kishore, Sr. P.S.
3 M/s. Bai Manekbai Bhagwandas Shivji Charity Trust
Copy to: The Appellant
The CIT, Concerned, Mumbai
The CIT (A) Concerned, Mumbai
The DR Concerned Bench
//True Copy// [
Dy/Asstt. Registrar, ITAT, Mumbai.