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2021 (6) TMI 891 - ITAT HYDERABADExemption u/s 11 - addition made in respect of the net surplus when the assessee failed to submit evidence in support of the amount spent and also failed to prove that the same was spent only for the aims and objectives of the society - CIT-A deleted the addition - HELD THAT:- The assessee itself admitted that by filing a letter regarding the closure of business due to unhealthy competitions and several disputes and discrepancies among the board members of the society. In the absence of books of accounts and vouchers, the AO was unable to ascertain as to whether the receipts have been utilized only for the aims and objects of the society. The order of the CIT(A) is contrary in nature. Therefore, considering the totality of the facts of the case, to meet the ends of justice, we remit the issue back to the file of the AO with a direction to decide the appeal on merits after examining the documentary evidence as required for claiming exemption u/s. 11 by the Assessee, which will be put-forth by the assessee before him. Grounds raised by the revenue are treated as allowed for statistical purposes.
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