DIRECTOR OF INCOME TAX (EXEMPTION) vs. M/S INDRAPRASTHA CANCER SOCIETY

house property, interest on securities, capital gains, or other sources, the word „income‟ should be understood in its commercial sense, i.e., book income, after adding back any appropriations or applications thereof towards the purpose of the 2014:DHC:6159-DB ITA No. 240/2014+ connected appeals Page 5 of 20 trust or otherwise, and also after adding back any debits made

ISHWAR CHANDER PAHUJA,NEW DELHI vs. ACIT CIRCLE 19(1), NEW DELHI

In the result, the appeal filed by the assessee is allowed

Bench: Shri S.Rifaur Rahmanishwar Chander Pahuja, Vs. Acit, Circle 19 (1), C/O Sumer Garg & Co., Cas New Delhi. E-501A, Itl Northex Tower, Plot No.A – 9, Netaji Subhash Place, Pitampura, New Delhi – 110 034. (Pan : Aafpp4275M) (Appellant) (Respondent) Assessee By : Shri S.C. Garg, Ca Revenue By : Shri Om Parkash, Sr. Dr Date Of Hearing : 24.06.2024 Date Of Order : 06.09.2024 Order The Assessee Has Filed Appeal Against The Order Of The Learned Commissioner Of Income Tax (Appeals), Delhi [“Ld. Cit(A)”, For Short]/National Faceless Appeal Centre (Nfac) Dated 21.08.2023 For The Assessment Year 2015-16. 2. The Assessee Has Raised Following Grounds Of Appeal :- “1. The Ld. Ao Erred In Law & On Facts In Disallowing The Claim Of The Assessee Of Having Earned Agricultural Income At Rs.23,36,957/- & The Ld. Cit(A), Nfac Erred In Law & On Facts In Confirming The Action Of The Ld. Ao Treating The Same As Bogus Without Making Any Verification In The Facts & Circumstances Of The Case.