ACIT vs. M/S XAVIER INSTITUTE OF SOCIAL SERVICE,
In the result, appeal filed by the revenue is dismissed
ITA 100/RAN/2014[2009-10]Status: DisposedITAT Ranchi30 May 2018AY 2009-10
Bench: Shri N.S Saini & Pavan Kumar Gadaleassessment Year: 2009-2010
For Appellant: Shri B.K.Banka, CAFor Respondent: Shri D.K. Sutariaya, CIT (DR)
Section 10Section 11Section 11(2)Section 12ASection 35A
36,05,892/- and levied tax thereon @ 30%.
7. On appeal, the CIT(A) deleted the addition by observing as under:
“4.2 It is noted that the AO had made this addition on the basis that the assessee had applied loan and advance of INR Rs.2,28,41,789/- for the purpose of other than education activities. In the instant
