TMI Blog2020 (4) TMI 424X X X X Extracts X X X X X X X X Extracts X X X X ..... ed out u/s 143(1) - assessee moved a rectification application u/s 154 pleading that even if the assessee is assessed as an AOP, the assessee may be grated the claim of revenue expenditure which has been claimed as application of income in the return of income. However, the said application was also rejected by the CPC - HELD THAT:- Under similar circumstances, the claim of the expenditure has bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eated as allowed for statistical purposes. - ITA No. 553/CHD/2019 - - - Dated:- 27-1-2020 - Shri N.K. Saini, Vice President And Shri Sanjay Garg, Judicial Member For the Assessee : Shri M.L. Sharma, Advocate For the Revenue : Shri Manjit Singh, CIT DR ORDER PER SANJAY GARG, JUDICIAL MEMBER: The present appeal has been preferred by the assessee the order dated 30.01.20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee Trust filed its return of income treating it to be a charitable trust and application of income was claimed at ₹ 2,22,49,629/- as against the declared income of ₹ 2,00,57,061/-. The Assessing Officer / CPC disallowed the entire claim of the application of income on the ground that the assessee trust was not registered u/s 12A of the I.T. Act, therefore, entire gross receipts of &# ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owed by the CPC for the assessment year 2016-17 vide order dated 26.9.2018, copy of the assessment order has been placed on record. We find force in the contention of the Ld. Counsel for the assessee that if the assessee has not been treated as a charitable trust, still the income of the assessee is to be assessed as per the normal provisions of the Act and the admissible revenue expenditure is to ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
