In the result, both the appeals filed by the assessee are allowed for statistical purposes
Bench: Sri Duvvuru Rl Reddy(Kz) & Sri Rakesh Mishra
charitable purposes and, therefore, the entire receipts of Rs. 1,84,40,933/- were claimed as exempt u/s 11 of the Act. An intimation u/s 143(1) of the Act was issued raising a demand of Rs. 79,85,960/-. The order was erroneous in the opinion of the assessee as the revenue expenditure at page 20, the Annexure-Schedule