M/S SANT BABA BHAG SINGH MEMORIAL CHARITABLE SOCIETY,JALANDHAR vs. D.C.I.T, CIRCLE - 1 (EXEMPTION), CHANDIGARH
In the result, the assessee’s appeal is partly allowed
ITA 432/ASR/2017[2014-15]Status: DisposedITAT Amritsar27 Feb 2019AY 2014-15
Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 432/(Asr)/2017 Assessment Year: 2014-15
For Appellant: Sh. J. S. Bhasin (Adv.)For Respondent: Sh. Sandeep Chauhan, CIT-DR
Section 115BSection 12ASection 133(6)Section 143(3)Section 68
1. That the ld. CIT(A) grossly misdirected himself in facts and on law, to uphold the findings of the ld. AO, that the corpus donations amounting to Rs.4,35,57,500/-, received by assessee society, from identified persons, were anonymous donations, liable to tax under section 115BBC.
2. That having held so, the ld. CIT(A), grossly misconstrued
