CHETTINAD ACADEMY OF RESEARCH AND EDUCATION,CHENNAI vs. DDIT, CHENNAI
In the result, both the appeals of the assessee for assessment years 2010-11 & 2011-12 are allowed
ITA 1475/CHNY/2016[2011-12]Status: DisposedITAT Chennai26 Sept 2017AY 2011-12
Bench: Shri Chandra Poojari & Shri George Mathan
For Appellant: Mr.R.Vijayaraghavan,AdvocateFor Respondent: Mr.K.Ravi, JCIT,DR
Section 11Section 14Section 6
…has been already allowed as application of income u/s.11 in the past years CIT vs. Institute of Banking 264 ITR 119 (Bom) CIT vs Marketing Committee, Pipli 330 ITR 16( P& H) CIT vs Tiny Tots Educational Society 330 ITR 21 (P&H) CIT vs Vishwa Jagriti Mission 73 ITR 91 (Del) ITA No.1474 & 1475/16 :- 3 -: 3. The brief facts of the case are that the assessee claimed depreciation of an amount of `18,32,40,101/- and `18,85,58,300/- for the A.Y. 2010-11 and for A.Y. 2011-12 respectively but the A.O was of the view that the assessee had claimed full cost of additions to assets as application of income in the earli…