DCIT (Exemption), Circle, Ghaziabad Vs M/s. Sewa-THDC
Case No: ITA No. 3425/Del/2018
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH ‘B’, NEW DELHI
Date: 1/11/2024
Parties Involved
appellantDCIT (Exemption), Circle, Ghaziabad
respondentM/s. Sewa-THDC
Facts Summary
The society, M/s. Sewa-THDC, is engaged in the development and welfare of the public, particularly in the catchments area of the THDCL project. It is registered under sections 12AA and 80G of the Income Tax Act, 1961, and enjoys exemption under the Act. The Assessing Officer questioned the funds of Rs. 1.50 crore for Swach Bharat Abhiyan and Rs. 10.33 crores from R&R Disaster Relief. The assessee submitted that the funds were earmarked and not part of their income & expenditure, as they were to …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the addition of Rs. 1,50,00,000/- for Swach Bharat Fund was correctly made by the AO.
- 2. Whether the addition of Rs. 3,31,57,338/- for R&R funds was correctly made by the AO.
Precedents Relied Upon
6 precedents cited in this judgement.