DCIT (EXEMPTIONS), CIRCLE 1(1), HYDERABAD vs. NATIONAL INSTITUTE OF RURAL DEVELOPMENT AND PANCHAYATI RAJ, HYDERABAD

In the result, both the appeal filed by the Revenue and cross- objection filed by the assessee are dismissed

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

12A(1)(b) of the Income-tax Act, 1961 was not a pre requisite for the assessment year 2015-16. 4.3 The learned CIT(Appeals) erred on the facts and in the circumstances of the case and in law in holding for the assessment year 2015-16, filing of return of income under sec.139(4A) is not required for claiming

MANDAVA FOUNDATION,HYDERABAD vs. ITO(EXEMPTIONS), WARD-1(2), HYDERABAD

In the result, appeal of the assessee is allowed