SHASHI KRISHNA EDUCATIONAL AVAM WELFARE SOCIETY,PATNA vs. AO, PATNA
ITA 428/PAT/2025[2018-19]Status: DisposedITAT Patna29 Jan 2026AY 2018-19
Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra
Section 11Section 12ASection 12A(1)(b)Section 143(1)Section 154Section 250
Trust v. CIT 1994 207 ITR 368 Bom.), wherein it has been held
that exemption cannot be denied merely due to late filing of audit report
when substantive conditions are fulfilled.
4. That the Learned CIT(A) erred in holding that the entire gross receipts are
taxable without allowing expenditure, whereas it is settled law that only
surplus of income
