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Bench: Sh. Laliet Kumar & Dr. M. L. Meenai.T.A. No. 75/Asr/2016 Assessment Year: 2007-08
vi) without getting any approval under this section and without getting registration u/s 12AA of the Income tax Act, 1961. The summary of the Income and Expenditure A/c is as under: Total Receipt Rs. 2,66,67,690/- Total expenditure Rs. 1,62,92,330/- Excess of income over expenditure Rs. 1,03,75,360/- I have, therefore reasons