In the result, appeal of the Revenue and its cross objections are dismissed, whereas the appeal of the assessee is partly allowed
Bench: Shri Rajpal Yadav, Vice- & Shri Amarjit Sinh
Charitable Trust registered under section 12AA of the Act by the Commissioner of Income Tax. During the course of assessment proceedings the Assessing Officer had issued notice pursuant to which the petitioner had given its reply explaining as to why it was entitled to the said deductions. The Assessing Officer after considering the explanation given by the petitioner had passed