SATNAM SINGH MEMORIAL TRUST,JALANDHAR vs. INCOME TAX OFFICE WARD-III(2), JALANDHAR
In the result, the assessee’s appeal is dismissed
ITA 478/ASR/2017[2010-11]Status: DisposedITAT Amritsar19 Jul 2019AY 2010-11
Bench: Sh. Sanjay Arorai.T.A. No. 478/Asr/2017 Assessment Year: 2010-11
For Appellant: Sh. Rohit Bhardwar (Adv.)For Respondent: Sh. Charan Dass (D.R.)
Section 10Section 10(23)(iiiae)Section 12ASection 143(3)
charitable institution u/s. 12AA of the Act, filed its’
return of income for the relevant year on 14.10.2010, at nil income; it’s operating statement reflecting a loss of Rs. 29,530 (PB pg. 3). Examining the same in the assessment proceedings, the Assessing Officer (AO) found that while expenditure aggregating to Rs.18,29,435, i.e., on electricity, salary, bonus