ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

disallowed and hence the expenditure as shown by the assessee is denied, as the genuineness of the same is in doubt. In view of this, assessee has failed to apply 85% of its income towards charitable purposes as mandated by Section 11 of the Income Tax Act and hence the exemption granted to it u/s 11 is being denied. Thus