M/S PARWATI EDUCATIONAL & WELFARE TRUST,PATNA vs. PR.CIT-CENTRAL, PATNA

In the result, both the appeals filed by the assessee are allowed

Bench: Sri Manish Borad & Sri Sonjoy Sarma)

92,660/- only. The appellant submitted that the cash deposit are duly covered from the cash received by the appellant in the normal educational activity carried on by the appellant. The appellant explained that main account remained was maintained with Canara Bank. The appellant has deposited cash of RS9,90,000/-into the loan account maintained with United Bank

M/S PARWATI EDUCATIONAL & WELFARE TRUST,PATNA vs. PR.CIT-CENTRAL, PATNA

In the result, both the appeals filed by the assessee are allowed