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
u/s.11 of the Act, which are to the following effect :
C.O. Nos.19 to 24/Hyd/2022
15.1
We have also gone through the provisions of section 11(5)(x) of the Act, where the statute has allowed the investment in immovable property as one of the specified mode of investment.
Further