AGASTYA INTERNATIONAL FOUNDATION,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME-TAX, EXEMPTIONS, CIRCLE-1, , BENGALURU
In the result, appeal filed by the assessee is allowed
ITA 289/BANG/2023[2016-17]Status: DisposedITAT Bangalore31 May 2023AY 2016-17
Bench: Shri Chandra Poojari & Shri George George Kassessment Year : 2016-17 M/S. Agastya International Foundation, The Assistant Commissioner Of #101, 1St Floor, Varsav Plaza, Income Tax (Exemptions), 12 Jayamahal Main Road, Vs. Circle - 1, Bengaluru – 560 046. Bengaluru. Pan : Aaata 3882 C Appellant Respondent Assessee By : Smt. Suman Lunkar, Ca Revenue By : Shri. Gudimella Vp Pavan Kumar, Jcit (Dr)(Itat), Bengaluru. Date Of Hearing : 31.05.2023 Date Of Pronouncement : 31.05.2023
For Appellant: Smt. Suman Lunkar, CAFor Respondent: Shri. Gudimella VP Pavan Kumar, JCIT (DR)(ITAT), Bengaluru
Section 11Section 12ASection 143(2)Section 143(3)Section 250Section 271(1)(c)
revised return was filed since there was change in corpus donations). The assessment was selected for scrutiny and notice under section 143(2) of the Act was issued on 08.08.2018
which was duly served on the assessee trust. Assessment under section 143(3) of the Act was completed vide order dated 25.12.2018 by making disallowance of expenditure incurred on foreign