TMI Blog2017 (8) TMI 183X X X X Extracts X X X X X X X X Extracts X X X X ..... percent or more of the income of Assessee has been utilized for the purpose of Assessee then income of Assessee should be exempted. - Income Tax Appeal No. 154 of 2015 - - - Dated:- 12-7-2017 - Hon'ble Sudhir Agarwal And Hon'ble Ravindra Nath Mishra-II, JJ. For the Appellant : Alok Matur ORDER 1. Heard Sri Alok Mathur, learned counsel for appellant and learned counsel for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l basis and income derived therefore was being diverted for the personal uses of the members of the society. That the ld. Commissioner of Income Tax (Appeals)-II Kanpur has erred in law and on facts in not appreciating the fact that restoration of registration u/s 12A of the Income Tax Act, 1961 by Hon'ble ITAT was not accepted by the department and the same is pending before Hon'bl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on TDS without appreciating the fact the assessee could not substantiate the expenditure during the course of assessment proceedings. That the order of learned CIT (A)-II, Kanpur dated 12.06.2014 needs to be quashed and the order passed by the Assessing Officer dated 25.02.2013 to be restored 4. Tribunal considering issues no. 1 and 3 has observed that in view of restoration of registr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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