SHIV RATAN EDUCATION SOCIETY,HARIDWAR vs. ITO EXEMPTION WARD, DEHRADUN
In the result, the appeal of the assessee is allowed
ITA 184/DDN/2025[2020-21]Status: DisposedITAT Dehradun18 Feb 2026AY 2020-21
Bench: SHRI YOGESH KUMAR U.S. (Judicial Member), SHRI MANISH AGARWAL (Accountant Member)
Section 270ASection 270A(9)(a)Section 9
92,01,731/-
Add: Application towards capital assets
(less borrowings)
Rs. 70,54,017/-
Total application of funds of Rs.3,62,55,748/-
(95.93% of gross receipts).
6. The AO after considering the revised computation of income had accepted the claim of the assessee and assessed the income at Nil. However, while imposing the penalty u/s 270A
