PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S MEDICAL RELIEF SOCIETY OF

Appeal is dismissed by

Bench: S.G.PANDIT,C.M. POONACHA

disallowance of surplus on sale of assets even though entire 1 Hereinafter referred to as ‘Tribunal’ - 3 - NC: 2024:KHC:12157-DB ITA No. 179 of 2021 sale consideration amounting to Rs.24,50,000/- as receipts for purpose of calculating the income available for application during the year is required to be considered since assessee is claiming deduction under Section