VELLORE INSTITUTE OF TECHNOLOGY,VELLORE vs. DCIT, CC IV(1), CHENNAI

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

section 13(1) (c) of the Act" When the AD has concluded that he has to treat the cash refunds as withdrawals for the purpose of college expenses, merely because proof adduced for such expenses is 'treated as not genuine' by the AO, cannot automatically lead to the conclusion of violation of sec.13(1)(c), unless