M/S.KUNHITHARUVAI MEMORIAL CHARITABLE TRUST,CALICUT vs. THE DCIT, CEN-CIRCLE-2, CALICUT

In the result, the appeals filed by the assessee are disposed of as follows:

Bench: S/Shri Chandra Poojari, Am & George George K., Jm

164(1) r.w.s. 13(1)(c) and 13(1)(d) of the Act. Therefore, the addition could not be sustained in the eye of law. It is also admitted by the assessee vide letter dated 17/01/2014 that for the assessment year 2011-12, the assessee has not collected any additional fees and collected only advance fees which was accounted