2025 (5) TMI 1164

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..... ary, Sr. DR ORDER PER VIMAL KUMAR, JUDICIAL MEMBER: The appeal of Revenue is against order dated 03.09.2024 of the Learned Commissioner of Income-Tax(Appeals)/National Faceless Assessment Centre (NFAC), Delhi (hereinafter referred as 'Ld. CIT(A)') arising out of order dated 24.09.2022 of the Assessment Unit (hereinafter referred as "Ld. AO") under Section 143(3) r.w.s. 144B of the Income-Tax .....

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..... .09.2022, made additions of Rs. 16,91,620/- in respect of Education Cess Rs. 5,00,00,000/- in respect of disallowance under Section 14A and Rs. 4,25,000/- in respect of disallowance of claim of deduction under Section 80G of the Act. 4. Against order dated 24.09.2022, assessee filed appeal before the Ld. CIT(A) which was partly allowed vide order dated 03.09.2024. Addition of Rs. 5,00,00,000/- wa .....

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..... been earned by the appellant for the year under consideration and accordingly no expenditure should be disallowed as no part of it has been incurred for the purpose of earning exempt income. 9. In view of above specific observations, the arguments of Learned Authorised Representative for the Revenue being de void of merit are untenable. Ground of appeal no. 1 is dismissed. 10. In the result, th .....

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