2021 (6) TMI 891

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....A) erred in deleting the addition made by the AO in respect of the net surplus of Rs. 1,61,95,594/- as the assessee failed to submit evidence in support of the amount spent and also failed to prove that the same was spent only for the aims and objectives of the Society. 3. The Ld. CIT(A) erred in disregarding the fact that no evidences were produced before the AO to substantiate its claim of exemption u/s. 11 of the I.T. Act. 4. The Ld. CIT(A) while relying on the submission made by the appellant regarding closure of the college and disputes among board members, erred in ignoring the fact that the assessee failed to prove that the activities of the Society have been pursued and that they were genuine and charitable in natu....

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....er hearing the ld. DR and the facts available on record. 6. Before us, the ld. DR submitted that the CIT(A) erroneously directed the AO to delete the addition made in respect of the net surplus of Rs. 1,61,95,594/- when the assessee failed to submit evidence in support of the amount spent and also failed to prove that the same was spent only for the aims and objectives of the society. He, further submitted that the CIT(A) relying on the submission made by the assessee regarding closure of the college and disputes among board members, erred in ignoring the fact that the assessee failed to prove that the activities of the society have been pursued and that they were genuine and charitable in nature. 7. We have considered the submissions....