M/S INTEGRATED EDUCATION RESEARCH CENTRE FOR ENGINEERING AND MANAGEMENT,KOLKATA vs. CIT(EXEMPTIONS), KOLKATA, KOLKATA

In the result the appeal is allowed while the stay application is dismissed

Bench: Shri N.V. Vasudevan & Shri M.Balaganesh

trust formed for carrying out charitable purpose of providing education. The Assessee filed return of income for A.Y.2012-13, declaring total income of Rs.nil. The ITO, Exemption-1, Kolkata who was the Assessing Officer (AO) of the Assessee completed the assessment u/s.143(3) of the Act, determining total income of the Assessee at Rs.41,615/-. The Assessee had claimed depreciation