ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD
In the result, the appeal of the revenue in ITA
ITA 306/HYD/2022[2018-19]Status: DisposedITAT Hyderabad24 Feb 2025AY 2018-19
Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia
For Appellant: Shri P. Murali Mohan Rao, C.AFor Respondent: : Shri B. Balakrishna, CIT-DR
Section 11Section 11(5)Section 12ASection 132
assessee is not eligible for any exemption u/s.11 of the Act, as per the combined reading of section 2(24)(2A) and 12A(1) of the Act, all the receipts of the assessee are liable to be considered as income of the assessee. Accordingly, there is no infirmity