The Word Vs. Assistant Commissioner of Income Tax
Case No: ITA No:- 5120/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH: ‘E’: NEW DELHI)
Date: 2/24/2025
Parties Involved
appellantThe Word
respondentAssistant Commissioner of Income Tax, Circle 1(1), Exemption, Delhi
Facts Summary
The assessee/appellant filed an appeal against the order of intimation u/s 143(1) dated 30.11.2021 passed by CPC, Bangalore for the A.Y. 2020-21, which was dismissed as barred by limitation. Dissatisfied with the order, the assessee/appellant filed the instant appeal. The assessee is a public trust running a primary level school, registered u/s 12A / 12AA and u/s 80G of the Act. The return was processed u/s 143(1) on gross income without deducting expenses/utilization and accumulated amounts, wh…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Ld. AO and Ld. JCIT (Appeal) erred in not deducting Rs. 89,74,953.00 from the income being the amount applied for Charitable Purpose.
- 2. Whether the Ld. AO and Ld. JCIT (Appeal) erred in not allowing deduction of Rs. 7,19,413.00 towards amount accumulated and set apart u/s 11(1)(a).
1 more legal issue analysed in this judgement.
Precedents Relied Upon
4 precedents cited in this judgement.