2013 (8) TMI 1148

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....is appeal is filed by the revenue challenging the impugned order of the Ld. CIT(A)-I, Nashik dated 13-03-2013 for the A.Y. 2009-10. The revenue has taken following grounds in the appeal: 1. Whether on the facts and in the circumstances of the case, the Ld. CIT(A)-I, Nashik was justified in deleting the addition of Rs. 72,00,000/- which was considered as expenses not made on the object of ....

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....n and Rs. 2,03,398/- on medical. The Assessing Officer has given breakup of the above expenditure in para no. 6 of the assessment ITA No.975/PN/2012, Shri Ram Ashram Trust, Nashik order. It is noted that the assessee trust has given donation of Rs. 65,00,000/- to Nemichand Jain Trust, Chandwad, Distt.-Nashik. The Assessing Officer examined the main objects of the assessee trust as per Trust Deed d....

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.... assessment order the amount of disallowance is mentioned at Rs. 70,00,000/- in para no. 11). The assessee carried the issue before the Ld. CIT(A). 3. The Ld. CIT(A) considered instruction no. 1132, dated 05-01-1978 issued by the CBDT . The Ld. CIT(A) further observed that as per the instructions of the Board, the exemption shall not lose even if the donee trust did not spend the donation recei....