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2010 (2) TMI 637 - AT - Income TaxExemption u/s 11 - Prohibited category of persons u/s 13 - Expenditure - assessee not made the claim of the income and expenditure account as the assessee shown the net receipt in the income and expenditure account by reducing the impugned amount from gross receipts and thereby shown the corresponding receipts by way of transfer from incomes received under various heads were kept out of such accounts and were reflected in the balance sheet directly - ground raised by the assessee is rejected - CIT(A) has followed his order for the assessment year 2001-02 while deciding this issue for the assessment year 2006-07 - appeals of the assessee dismissed
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