DEPUTY COMMISSIONER OF INCOME TAX, (EXEMPTIONS), CIRCLE-1, BENGALURU vs. RASHTROTTHANA PARISHAT, BENGALURU
In the result, the appeal filed by the Revenue is allowed
ITA 1666/BANG/2024[2017-18]Status: HeardITAT Bangalore30 Dec 2024AY 2017-18
Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year: 2017=18
For Appellant: Ms. Neera Malhotra CIT-D.RFor Respondent: Sri Prakash Shridhar Hegde, CA
Section 11Section 11(6)Section 250Section 270ASection 274
10B has declared the amount of income applied to charitable or religious purposes in India during the Asst. year 2017-18 as Rs. 67,70,38,920/- [ Rs.55,56,54,057/-
(revenue expenditure) + Rs. 8,11,20,826/- (capital expenditure)]
which amounts to claim of double deduction & the same is accepted by the assessee on the I. Tax web portal