225 results for “disallowance”+ Section 2(7)clear
Sorted by relevance
Key Topics
Showing 1–20 of 225 · Page 1 of 12
In the result the appeal of the assessee is allowed and the appeal
Bench: Shri Laliet Kumar,And Dr. Mitha Lal Meenajhansi Development Authority Vs..Dcit Circle-4, Commissionerycompus, Agra. Jhansi. (Now The Dy. Cit Panno.Aaalj0068K (Exemption) Ghaziabad. (Assessee) (Revenue) Acit, 4(1), Vs..Jhansi Development Agra. Authority (Now The Dy. Cit Commissionerycompus, Jhansi. (Exemption) Ghaziabad. Panno.Aaalj0068K (Revenue) (Assessee)
7. Because the Ld. CIT(A) erred, both in law and on facts, in sustaining the addition of Rs 3,58,61,640/- being the excess shown in the 'income and expenditure' account. The authorities below have erroneously disallowed the benefit of exemption u/s 11 claimed by the appellant. The authorities below further failed to appreciate that various receipts forming