Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (12) TMI 490 - ITAT AHMEDABADExpenditure incurred for charitable purpose u/s. 11 - Addition on capital expenditure incurred by the appellant on the asset of Pandit Deendayal Petroleum University (PDPU) - expenditure disallowed for charitable purposes - assessee submitted the details with the explanation that the assessee is bound to incur expenses time to time towards the set-up and expansion of the university in terms of Provision of Sec. 25 of the Pandit Deendayal Petroleum University Act, 2007 - HELD THAT:- In SARLADEVI SARABHAI TRUST [1988 (3) TMI 53 - GUJARAT HIGH COURT] issue decided in favour of the assessee in the identical facts and circumstances of the case as aforesaid, we do not find irregularities in allowing the exemption by the CIT(A) as claimed by the assessee since the expenditure has been incurred as per the object of the society and in terms of a statutory provision of another trust having similar object so as to warrant interference. Hence the order is passed in affirmative i.e. in favour of the assessee and against the Revenue. The appeal preferred by the Revenue is, thus, found to be devoid of any merit and hence dismissed.
|