Krishna Raj Educational Society Vs Income Tax Officer(E)

Parties Involved

Facts Summary

The case pertains to the assessment year 2013-14. The appellant, Krishna Raj Educational Society, filed an appeal against the order of the Commissioner of Income Tax (Appeals), Moradabad, dated 20.02.2017. The society raised several grounds of appeal, including the disallowance of interest on unsecured loans, disallowance due to discounts given to students, and disallowance on account of outstanding creditors. The appellant argued that the disallowances were erroneous and not supported by facts or law.…

Legal Issues

• 1. Disallowance of interest on unsecured loans
• 2. Disallowance due to discounts given to students
• 3. Disallowance on account of outstanding creditors

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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