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2017 (6) TMI 830 - AT - Income TaxAccrual of income - receipt of grant - assessee trust received funds from the Government of India as per sanction of the President of India under the scheme of Support to Training and Employment Programme for women “STEP” - Held that:- Where the assessee was constituted by the Government of India for specific purpose of carrying the activities for the empowerment of women and the grants & advances disbursed by the Government to the assessee cannot be held to be the income of assessee since the said grants were released for specific purpose in the field of empowerment of women and the surplus, if any, is not assessable in the hands of assessee as income for the respective assessment years. Even where the assessee had shown the said amounts in the Receipts and Expenditure Account but the same cannot be held to be income of the assessee as no part of the said grants could be utilized by the assessee for any other purpose other than specific purpose, for which the same was granted. Accordingly, we direct the Assessing Officer to delete the addition - Decided in favour of assessee.
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