THE COMMISSIONER OF INCOME TAX vs. ISLAMIC ACADEMY OF EDUCATION
The appeal stands disposed of
ITA/713/2009HC Karnataka21 Aug 2015
Bench: B.MANOHAR,VINEET SARAN
Section 11Section 11(5)Section 12ASection 260
Section 11(5) r.w.s.s
13(d)(i) and 13(2)(h) of the Act and therefore not exempted
u/s.11 of the Act and should be treated as AOP as held by
the Assessing Officer?
ii.
Whether the Appellate Authorities were
correct in holding that a sum of Rs.5,03,07,928/- treated as
the income of the assessee as unaccounted
