In the result, both appeal filed by the revenue and CO filed by the assessee are partly allowed

Bench: Shri Inturi Rama Rao & Shri Keshav Dubeyassessment Year: 2016-17 Christ Educational Trust 3/356A, Christ Educational Trust Airapuram Po Vs. Ito Kuzhoor Ernakulam Kerala 683541 Pan No : Aabtc23768Q Appellant Respondent Co No.22/Coch/2024 Assessment Year: 2016-17 Christ Educational Trust 3/356A, Christ Educational Trust Airapuram Po Vs. Kuzhoor Ito Kerala 683541 Ernakulam Pan No : Aabtc23768Q Appellant Respondent Assessee By : Shri R. Lokanathan, A.R. Revenue By : Shri Sanjit Kumar Das, D.R. Date Of Hearing : 27.01.2025 & 18.02.2025 Date Of Pronouncement : 02.04.2025 O R D E R Per Keshav Dubey: This Appeal At The Instance Of Revenue Is Directed Against The Order Of Ld. Cit(A)/Nfac Dated 10.01.2024 Vide Din & Order No. Itba/Nfac/S/250/2023-24/1059567754(1) Passed U/S 250 Of The Income Tax Act, 1961 (In Short “The Act”) For The Assessment Year 2016-17. The Assessee Has Also Filed Cross Objection Against The Said

747/- [Rs. 6,26,618 + Rs. 36,08,077 + Rs. 3,15,23,052]. 4. Aggrieved by the assessment order passed by the AO u/s 144 of the Act, dated 27.12.2018, the assessee preferred an appeal before the ld. CIT(A)/NFAC. 5. Before the ld. CIT(A)/NFAC, the assessee contended that the registration certificate having been issued