ACIT, CIRCLE (EXEMPTION), JODHPUR vs. M/S. VIDYA BHAWAN SOCIETY, UDAIPUR
In the result, the appeal filed by the Revenue is dismissed
ITA 325/JODH/2019[ 2014-15]Status: DisposedITAT Jodhpur24 Mar 2023
Bench: Shri Kul Bharatshri Manish Boradacit, Vs M/S. Vidya Bhawan Circle (Exemption), Society, Mohan Singh, Jodhpur Mehta Marg, Fatehpur, Udaipur (Raj.) (Appellant) (Respondent) Pan No. Assessee By Shri Amit Kothari, Ca Revenue By Shri S.M.Joshi, Jcit Dr Date Of Hearing 23/03/2023 Date Of 24/03/2023 Pronouncement O R D E R Per Kul Bharat, J.M.: The Present Appeal Filed By The Revenue For The Assessment Year 2014-15 Is Directed Against The Order Of Ld. Cit(A)-1, Udaipur Dated 27.06.2019. The Revenue Has Raised Following Grounds Of Appeal:-
Section 11Section 11(5)Section 13(1)(d)Section 143(1)Section 143(3)
96,322/- on account of disallowance of loss on sale of fixed assets by holding that the same is capital loss and cannot be allowed as revenue expenditure. Besides, the AO also made the addition of prior period expenses of Rs. 10,84,776/- and addition of Rs. 19,33,611/- on account of disallowance of provisions of gratuity