SITARAM JINDAL FOUNDATION,BANGALORE vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX (OSD) (EXEMPTIONS), BANGALORE
In the result, the appeal filed by the assessee stands partly allowed
ITA 207/BANG/2021[2017-18]Status: DisposedITAT Bangalore04 Jan 2023AY 2017-18
Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2017-18 M/S. Sitaram Jindal Foundation, The Principal 16Th Km Jni Complex, Commissioner Of Tumkur Road, Income-Tax (Osd) Jindal Nagar, (Exemptions), Bangalore – 560 073. Vs. Bengaluru. Pan: Aaats3638N Appellant Respondent : Shri S. Parthasarthi, Assessee By Advocate : Shri Sreenivas T Bidari, Cit- Revenue By Dr Date Of Hearing : 25-11-2022 Date Of Pronouncement : 04-01-2023 Order Per Beena Pillaipresent Appeal Is Filed By Assessee Against Order U/S. 263 Dated 31/03/2021 Passed By The Ld.Cit(E), Bangalore For A.Y. 2017-18 On Following Grounds Of Appeal.
For Respondent: Shri S. Parthasarthi
Section 11(1)(d)Section 11(2)Section 143(3)Section 263
cash deposits of Rs.7,50,00,000 made by the appellant in Canara Bank were out of the amount provided by the patients whose details were all fully available and provided to the 9. assessing authority and the entire amount
Rs.7,50,00,000
stood explained and the learned Pr.CIT ought to have refrained from directing the Assessing Authority