SHREE HARIHAR CHARITABLE TRUST ,KOLKATA vs. ITO (EXEMP) - 1(3), KOLKATA , KOLKATA

आदेश /O R D E R This assessee’s appeal for assessment year 2013-14, arises against the Commissioner of Income-tax (Appeals)-25, Kolkata’s order dated 28.06.2018 passed in case No.79/CIT-25/Kol//2018-19 involving proceedings u/s. 154 of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file perused. 2. It emerges at the outset that the Assessing Officer had framed regular assessment in question in assessee’s case on 19.10.2015 disallowing application of income to the tune of ₹3,49,460/-. The assessee’s chose to file rectification thereof u/s. 154 of the Act dated 12.01.2016. The Assessing Officer rejected the said rectification in his order dated 02.02.2016. The CIT(A) has confirmed the same in his lower appellate order under challenge. After arguing vociferously for sometime in support