Radha Krishna Mandir Trust Vs ITO (Exemption), Ward-1(1), Kolkata

Parties Involved

Facts Summary

This is an appeal filed by the assessee, Radha Krishna Mandir Trust, against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, passed on 13.11.2024 under section 250 of the Income Tax Act, 1961 for Assessment Year 2020-21. The assessee claimed an adjustment to the total returned income for the accumulation of income of Rs.1,50,00,000/-. The Ld. Commissioner of Income Tax (Appeals) denied this claim. Shri Anil Kochar, Advocate, appeared on behalf of the assessee, and Shri Sailen Samadder, Addl. CIT, Sr. DR, appeared on behalf of the revenue.…

Legal Issues

• 1. Whether the Ld. CIT(A) erred in denying the adjustment to the total returned income for the accumulation of income of Rs.1,50,00,000/-.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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