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2022 (1) TMI 581 - AT - Income TaxExemption u/s 11 and 12A - addition on account of the corpus donation - CIT-A deleted the addition - HELD THAT:- It is clear that Ld.CIT(A) has passed a detailed and a well reasoned order. AO did not point out any specific defects in the account of the assessee. Merely because the accounts were audited post grant of registration u/s 12AA of the Act under the peculiarity of the present case, would not ‘ipso facts’ vitiate the authenticity of the accounts so furnished before the AO. Moreover, the AO failed to make enquiry regarding accounts of the assessee. Under these undisputed facts, we do not see any reason to interfere in the finding of Ld.CIT(A), the same is hereby affirmed. Thus, grounds raised by the Revenue are rejected.
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