M/S. KALYAN EDUCATIONAL SOCIETY,BUDBUD, BURDWAN (EAST) vs. A.C.I.T., CIRCLE - 2, DURGAPUR, DURGAPUR
In the result, the appeal of the assessee is allowed
ITA 106/KOL/2023[2020-2021]Status: DisposedITAT Kolkata23 May 2023AY 2020-2021
Bench: Shri Rajesh Kumar & Shri Sonjoy Sarmai.T.A. No. 106/Kol/2023 Assessment Year: 2020-2021 M/S. Kalyan Educational Society,..............Appellant Budbud Bye Pass (North), Distg. Bardhaman-713403 [Pan: Aabtk2860K] -Vs.- Assistant Commissioner Of Income Tax,....Respondent Circle-2, Durgapur, Aayakar Bhawan, Durgapur, West Bengal Appearances By: Shri S.K. Tulsiyan, Advocate, Smt. Puja Somani, C.A., Appeared On Behalf Of The Assessee Shri Subhrajyoti Bhattacharjee, Cit (Dr), Appeared On Behalf Of The Revenue
Section 11Section 11(1)(a)Section 12ASection 139(4)Section 143(1)Section 250
36,524/- comprising capital expenditure of Rs.64,52,436/-, revenue expenditure of Rs.5,52,52,167/- incurred during the year for charitable purposes of the Trust and also Rs.93,31,921/- being exemption u/s 11(1)(a) of the Actby ignoring the fact that the assessee has filed the return of income and Form
10B on time, whereas