Darbari Lal Foundation v ACIT Circle Exemption 1(1)

Parties Involved

Facts Summary

The assessee, Darbari Lal Foundation, filed its return of income on 14-10-2016 declaring Nil for A.Y. 2016-17. The case of the assessee was selected for scrutiny under CASS and notice under section 143(2) of the Income Tax Act was issued and duly served upon the assessee. The Assessing Officer disallowed the advance for purchase of land of Rs.75,00,000/- and added the amount in the income of the assessee. Aggrieved the order of the Assessing Officer the assessee filed the appeal before the Ld.CIT(A), who dismissed the appeal of the assessee. The assessee is in appeal before the tribunal.…

Legal Issues

• 1. Whether the Ld. CIT(A) dismissed the appeal without considering the submission submitted by the assessee.

Judgment Outcome

Decided in favour of Assessee.

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