ST. FRANCIS EDUCATIONAL TRUST,,CHENNAI vs. ITO, EXEMPTION WARD-2,, CHENNAI

In the result, the appeal filed by assessee in ITA No

Bench: Shri Ramit Kochar & Shri Duvvuru R.L.Reddy

depreciation on the capital asset acquired during previous year relevant to ay: 2016-17. Further, assessee was aggrieved by bringing into tax , expenses which were held to be not connected to earning of an income and since exemption u/s 11 was denied, the following expenses stood disallowed by both AO as well learned CIT(A) who upheld assessment order passed