2017 (5) TMI 1655

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....ed appeal filed by the Revenue is against order of CIT(A)- I, Nashik, dated 04.09.2014 relating to assessment year 2010-11 against order passed under section 143(3) of the Income-tax Act, 1961 (in short 'the Act'). 2. The Revenue has raised the following grounds of appeal:- "1. Whether on the facts and in the circumstances of the case, the Ld.CIT(A)-I, Nashik was justified in allowing the deduc....

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....f notice none appeared on behalf of the assessee nor any application was filed for adjournment of the case. Hence we proceed to decide the present appeal after hearing the Ld. Departmental Representative for the Revenue since the issue raised in the present appeal is covered by the order of the Tribunal. 4. The only issue raised in the present appeal is against claim of deduction under section 80....

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....ncome of the assessee society, therefore, it was not entitled to deduction under section 80P(2)(a)(i) of the Act. The Assessing Officer allowed expenditure to the extent of Rs. 3,55,253/- against the said income and the net income of Rs. 53,60,042/- was added to the total income of the assessee under section 56 of the Income Tax Act. 6. The CIT(A) relying on the ratio laid down by the Pune Bench ....