NYANYA GOLLO,ITANAGAR vs. INCOME TAX OFFICER, WARD-1, TEZPUR
In the result, ITA No. 110/Gau/2020 is allowed and ITA No
ITA 110/GTY/2020[2016-17]Status: DisposedITAT Guwahati06 Oct 2023AY 2016-17
Bench: Shri Rajpal Yadav(Kz) & Shri Rajesh Kumar]
Section 10(26)Section 250Section 251(2)Section 271(1)(c)
14,44,929/- (8% of Rs.1,80,61,610/-) is allowed as exempted income under section 10(26) of the Act. Therefore, addition made by the AO, to the tune of Rs. 14.44,929/- is deleted and the balance addition of Rs. 29,08,124/- is confirmed.
Apart from the above, as noted above, the Appellant has grossly failed