M/S ASSOCIATION OF MUTUAL FUNDS IN INDIA,MUMBAI vs. DEPUTY DIRECTOR INCOME TAX (E) I(1), MUMBAI
In the result, the appeal filed by the assessee is partly allowed
ITA 1413/MUM/2019[2014-15]Status: DisposedITAT Mumbai05 Jan 2023AY 2014-15
Bench: Shri S. Rifaur Rahman, Am & Ms. Kavitha Rajagopal, Jm M/S. Association Of Mutual Funds In India Dy. Director Income Tax(E)1(1) 701, 7Th Floor, One Indiabulls Centre, Mumbai Tower 2, Wing B, Vs. 841 Senapati Bapat Marg, Elphinstone Road, Mumbai-400 013
For Appellant: Shri Nitesh JoshiFor Respondent: Shri Manoj Sinha
Section 11Section 12ASection 143(3)Section 2(15)Section 44A
charitable organizations.
8. Without prejudice to the foregoing, the learned Assessing Officer and the learned
Commissioner (Appeals) erred in not allowing deduction u/s 44A in respect of deficit of Rs.43,57,074 incurred in respect of transactions with members.
9. The Commissioner (Appeals) was not justified in rejecting the additional ground of appeal:
9.1. There was no basis