THE NIMAR EDUCATIONAL SOCIETY,KHANDWA vs. THE CIT (EXEMPTION), BHOPAL, BHOPAL
Appeal is partly allowed
ITA 343/IND/2024[2017-18]Status: DisposedITAT Indore20 Sept 2024AY 2017-18
Bench: Shri Vijay Pal Rao & Shri B.M. Biyaniassessment Year: 2017-18 The Nimar Educational Cit(Exemption) , Society, Bhopal बनाम/ Harsud Road, Civil Lines, East Nimar, Vs. Khandwa (Assessee/Appellant) (Revenue/Respondent) Pan: Aabtt1409K Assessee By Shri S.N. Agrawal & Shri Pankaj Mogra, Ars Revenue By Shri Ram Kumar Yadav, Cit Dr Date Of Hearing 20.08.2024 Date Of Pronouncement 20.09.2024
Section 10Section 11Section 12ASection 139Section 147Section 148Section 263Section 68
10B for claiming exemption u/s 11 or 12 of the Income-tax Act, 1961. The assessee trust claimed exemption u/s 10(23C)(iiiiad) of the Act, however, on going through the audited balance sheet submitted by the assessee it was observed that the receipts of Arvind Kumar Nitin Kumar Montessori
English School was Rs. 1,02,34,110/- and receipt