COSSIMBAZAR SOCIAL WELFARE AND DEVELOPMENT TRUST,MURSHIDABAD vs. ITO, WARD - 56(3), MURSHIDABAD
Before: SHRI RAJESH KUMAR, AM & SHRI SONJOY SARMA, JM Cossimbazar Social Welfare & Development Trust Cossimbazar, Berhampore, Murshidabad, West Bengal, 742103 Vs. ITO, Ward - 56(3) 10, Middleton Row,Kolkata, West Bengal, 700071 (Appellant) (Respondent) PAN No. AABTC3854H
Per Rajesh Kumar, AM:
This is the appeal preferred by the assessee against the order of the Commissioner of Income-tax (Appeals) ADDL/ JCIT(A) Mysore,
(hereinafter referred to as the “Ld. CIT(A)”] dated 11.12.2024 for the AY 2022-23. 02. At the time of hearing, the assessee has raised additional ground which is extracted below:-
“(1)
That, on the facts and circumstances of the case and in law, the ld. AO, CPC,
Bangalore made a mistake in as much as it Computed the Revenue Expenditure at ₹1,35,17,723/- and Capital Expenditure at ₹6,10,177/- aggregating to ₹1,41,27,960/- in Annexure-Schedule ER in the Intimation of Income but failed to consider the said application of income at Point no.6 while computing the total income at ₹1,41,27,960/
and raised a demand of ₹56,48,260/- on the assessee.”
Cossimbazar Social Welfare And Development Trust: A.Y. 2022-23
The ld. Counsel for the assessee submitted before the Bench that the issue raised in the additional ground qua the failure on the part of the ld. AO CPC to take into account the application of income while passing the intimation u/s 143(1) of the Act dated 31.03.2023. 04. The facts in brief are that the assessee is a social welfare and development trust and runs a educational institution. The trust is registered with the Additional District Sub-