IIT PATNA,PATNA vs. DC/AC EXEMPTION CIR PATNA, PATNA BIHAR

In the result the appeal of the assessee is allowed

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishrai.T.A. No.337/Pat/2025 Assessment Year: 2017-18 Iit, Patna……………………………………………………………....Appellant Admin Block Bihta, Patna-801106. [Pan: Aaaai2401A] Vs. Dc/Ac, Exemption, Circle-Patna.……………..………………….…..... Respondent Appearances By: Shri Ankit Kumar, Ca Appeared On Behalf Of The Appellant. Md. A H Chowdhary, Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : November 20, 2025 Date Of Pronouncing The Order : November 25, 2025 आदेश / Order Per Sonjoy Sarma: This Appeal By The Assessee Is Directed Against The Order Dated 19.05.2025 Passed By The Nfac, Delhi [The ‘Cit(A)’] Under Section 250 Of The Income-Tax Act, 1961. 2. Brief Facts Of The Case Are That The Assessee, Iit Patna, Did Not File Its Return Of Income For The Assessment Year 2017–18. The Assessing Officer (Ao) Relied Upon Information Available Regarding: Cash Deposits: ₹10593857/- Term Deposits: ₹62,69,99,990/- Contract Receipt: ₹8,51,325/- Interest U/S 194A Of The Act : ₹31,59,501/-