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2021 (9) TMI 179 - AT - Income TaxExemption u/s 11 - assessee had unspent amount of accumulated surplus - As per AO amount could have been accumulated only for the some specific purpose and not for the general purpose - HELD THAT:- CIT(A) while relying on the various decisions cited in the order has held that the contention of the AO that the amount could have been accumulated only for some specific purpose and not for the general purposes does not hold good. Before us, no fallacy in the findings of CIT(A) has been pointed out by the Revenue nor has the Revenue placed on record any contrary binding decision in its support. In view of the aforesaid facts, we find no reason to interfere to the order of CIT(A) and thus the appeal of the Revenue is dismissed.
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