GRAMA VIDYODAYA SANGHA (REGD),MYSURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CPC, BANGALORE
In the result, the appeal filed by the assessee is allowed
ITA 345/BANG/2022[2018-19]Status: DisposedITAT Bangalore06 Sept 2022AY 2018-19
Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2018-19
For Appellant: Shri K. Kotresh, A.RFor Respondent: Shri K.R. Narayana, D.R
Section 10Section 11Section 12ASection 12A(2)Section 143(1)Section 234A
depreciation to arrive at the taxable income.
6. Without prejudice, the Learned Commissioner of Income Tax (Appeals) ought to have allowed exemption under section 11 read with second proviso to Section 12A(2) of Income Tax Act,1961. 7. The learned Commissioner of Income Tax (Appeals) ought to have held that the provisions of section 234A,234B,234C and 234F