SOCIETY FOR ECONOMIC DEVELOPMENT ,HYDERABAD vs. COMMISSIONER OF INCOME TAX (EXEMPTION), HYDERABAD
In the result, the appeal filed by the assessee is allowed for
ITA 1825/HYD/2019[NA]Status: DisposedITAT Hyderabad06 Sept 2022
Bench: Shri Rama Kanta Panda & Shri Laliet Kumarm/S. Society For Economic Vs. Cit(E) Development 2Nd Floor(Annexe) 504, Sahithi Aracade, Aaykar Bhawan Besides S.R.Nagar Police Basheerbagh Station, Sanjeeva Reddy Hyderabad-500 004 Nagar, Hyderabad-500 038 Pan : Aakas3955M (Appellant) (Respondent) Assessee By: Shri Narayana, P.S., Ca Revenue By: Shri Solgy Josat Kottaram,Cit-Dr Date Of Hearing: 04.08.2022 Date Of Pronouncement: 06.09.2022
For Appellant: Shri Narayana, P.S., CAFor Respondent: Shri Solgy Josat
Section 12ASection 13Section 17Section 2(15)
40A(3) of the Act.
13. So far as the allegation of the learned CIT (E) regarding the
genuineness of the advances is concerned, he submitted that the
borrowals of Rs.1.00 lakh was made from the President Mrs.V.
Kranthi and due to typographical error, the name is printed as
Karthik. Although this was clarified before the learned
