ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE ( EXEMPTION ), NAGPUR vs. M/S SHRI DADASAHEB GAWAI , NAGPUR

In the result, appeal filed by the Revenue is dismissed

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

loss at ` (–)2,16,087. In the assessment order, the Assessing Officer has noted that from the financials of the assessee, it had shown that the assessee has received corpus donation towards building fund at ` 4,36,30,500, and non–corpus fund at ` 8,96,20,600. The Assessing Officer asked the assessee to produce the list

NAGESHWARA CHARITABLE TRUST,NAGPUR vs. INCOME TAX OFFICER, WARD-1, EXEMPTION, NAGPUR

In the result, appeal filed by the assessee is allowed for statistical purposes