https://www.taxtmi.com/caselaws?id=274511 The appeal and cross objection were filed against the order of ld CIT(A)-Cuttack for assessment year 2008-09 u/s 143(3)/147 of the I.T.Act, 1961. The revenue's contention to tax the entire gross receipt was rejected, and the net income was directed to be taxed instead. The expenses claimed by the assessee were allowed to be excluded from the gross receipt, determining the trust's income based on commercial principles. The judgment upheld the ld CIT(A)'s order, dismissing the revenue's appeal and rejecting the cross objection due to delay. en-us Fri, 04 Oct 2013 00:00:00 +0530 Sat, 18 Aug 2018 17:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274511 The appeal and cross objection were filed against the order of ld CIT(A)-Cuttack for assessment year 2008-09 u/s 143(3)/147 of the I.T.Act, 1961. The revenue's contention to tax the entire gross receipt was rejected, and the net income was directed to be taxed instead. The expenses claimed by the assessee were allowed to be excluded from the gross receipt, determining the trust's income based on commercial principles. The judgment upheld the ld CIT(A)'s order, dismissing the revenue's appeal and rejecting the cross objection due to delay. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274511