DHARMA NAIDU EDUCATIONAL & CHARITABLE TRUST ,CHENNAI vs. DCIT-EXEMPTIONS, CHENNAI CIRCLE, CHENNAI
In the result, the appeal of the assessee is allowed for statistical purposes
ITA 497/CHNY/2024[2015-16]Status: DisposedITAT Chennai17 May 2024AY 2015-16
Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No. 497/Chny/2024 (िनधा"रण वष" / Assessment Year: 2015-16) M/S. Dharma Naidu Educational Vs. The Deputy Commissioner Of & Charitable Trust, Income Tax (Exemptions), No.24, Chengalvarayan Street, Chennai Circle, Shenoy Nagar, Chennai. Chennai – 600 030. [Pan: Aaatd 2601E] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/ Appellant By : Shri K.G. Raghunath, Advocate ""यथ" क" ओर से /Respondent By : Shri Ar.V. Srinivasan, Addl. Cit सुनवाई क" तारीख/Date Of Hearing : 02.05.2024 : 17.05.2024 घोषणा क" तारीख /Date Of Pronouncement
For Appellant: Shri K.G. Raghunath, AdvocateFor Respondent: Shri AR.V. Srinivasan, Addl. CIT
Section 10Section 143(1)Section 154Section 250
depreciation was disallowed, however, application of total income (to the extent 85% thereof) was not considered despite application of income details provided.
6. Aggrieved against the order u/s 143(1) dated 22.10.2016, assessee filed rectification application u/s 154
