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Section 12A4 Section 1472 Section 112

M/S. MAHASAKTI FOUNDATION,KALAHANDI vs. ACIT, SAMBALPUR

In the result, the appeals filed by the assessee are allowed

ITA 134/CTK/2015[2007-08]Status: DisposedITAT Cuttack06 Jun 2017AY 2007-08

Bench: S/Shri N.S Saini & Pavan Kumar Gadale

For Appellant: Shri P.K.Mishra, ARFor Respondent: Shri Kunal Singh, CIT DR

Section 11Section 12ASection 147Section 194ASection 201(1)Section 40

charitable activity, merely there is surplus of receipts over expenditure. The Authorities below are also erred in treating the surplus of receipts as income of the Appellant, when the learned C.I.T, himself has granted registration U/S.12AA of the Act. 4. For that, the learned A.O. has committed gross error of law in treating the status of the Appellant as A.O.P