2021 (9) TMI 179

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....il Chaturvedi, AM This appeal filed by the Revenue is directed against the order of the Commissioner of Income Tax (A)-40, Delhi dated 31.10.2017 relating to Assessment Year 2014-15. 2. The relevant facts as culled from the material on records are as under: 3. Assessee is a Charitable Trust registered u/s. 12A of the Act and is also allowed benefit of exemption u/s. 80G(5)(vi) of the Act.....

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....urpose it was accumulated for, as per Form 10 for A.Y. 2008-09, instead it was spent on administrative expenses. ii. The appellant craves leave to add, to alter or amend any ground of appeal raised above at the time of hearing." 4. During the course of assessment proceedings, AO noticed that assessee had unspent amount of accumulated surplus amounting to Rs. 2,04,45,515/- related to th....

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....gh Court in the case of DIT vs. Daulat Ram Education Society (2005) 278 ITR 260 (Delhi), Bharat Krishak Samaj vs DDIT (E) (2008) 166 Taxman 147 (Delhi) and various other decisions, held that the contention of the AO that the amount could have been accumulated only for the some specific purpose and not for the general purpose does not hold good. CIT(A) thus deleted the addition made by the AO. Aggr....