INDIAN EX-SERVICE LEAGUE(W.B.),KOLKATA vs. CIT (EXEMPTION), KOLKATA , KOLKATA
In the result, the appeal of the assessee is allowed
ITA 398/KOL/2021[2018-19]Status: DisposedITAT Kolkata24 Nov 2022AY 2018-19
Bench: Shri Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Bleassessment Year: 2018-19 Indian Ex-Services Ito (Exemption), Ward- League, (W.B.) 1(1), Kolkata. Cp/7/3, Block-Cp, Vs. Sector-V, Salt Lake City, Kolkata -700 091. Pan: Aaati 3629 R (Appellant) (Respondent) Present For: Appellant By : Shri Amiya Kumar Sahu, Advocate Respondent By : Shri Biswanath Das, Acit Date Of Hearing : 07.09.2022 Date Of Pronouncement : 24.11.2022 O R D E R Per Sonjoy Sarma, Jm: This Is An Appeal Preferred By The Assessee For A.Y. 2018-19 Is Directed Against The Order Of Ld. Cit(A), National Faceless Appeal Centre Dated 17.09.2021 U/S 143(1) Of The Income-Tax Act, 1961. The Assessee Has Taken The Following Grounds Of Appeal: “I. For That The Cit(A) Fails To Understand That The Tax Is Payable On Income Not On Gross Receipts Thus Disallowance Of Revenue Expenditures Pent Is Unlawful, Whimsical Based On Surmises & Thus Order Passed By The Cit(A) Confirming The Assessment Order Is Liable To Be Set Aside.
For Appellant: Shri Amiya Kumar Sahu, AdvocateFor Respondent: Shri Biswanath Das, ACIT
Section 11Section 11(1)(a)Section 143(1)
condone the delay in filing Form No. 10B. The latest CBDT's Circular is reproduced herewith:
CIRCULAR NO. 2/2020 [F. NO. 197/55/2018-ITA-l], DATED 3-1-2020
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Indian Ex-Services League (W.B.)
A.Y. 2018-19
Under the provision of section 12A of Income-tax Act, 1961 (hereafter Act') where the total income of a trust or institution as computed under