LOKMANYA TILAD JANAKALYA SHIKSHAN SANSTHA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -2, NAGPUR
In the result, this appeal by the assessee stands partly allowed
ITA 384/NAG/2012[2008-09]Status: DisposedITAT Nagpur09 Jan 2017AY 2008-09
Bench: Shri Shamim Yahya & Shri Ram Lal Negi..
For Appellant: Shri K.P. DewaniFor Respondent: Shri A.R. Ninawe
Section 1Section 11Section 13(1)(c)Section 13(3)Section 40
Capital Expenditure on Object of Trust. 8.63 crores.
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48.56 crores.
It is further noted that in the past as well as subsequent assessment year's assessee has been granted exemption under section 11 of the Income Tax Act.
11. The learned counsel of the assessee has challenged the revenue's action in this regard on two counts. Firstly
