2015 (11) TMI 1851

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....ts and circumstances of the case, Ld. CIT(A) has erred in law and on facts in not reversing the action of Ld. AO in taking the figure of Rs. 5,55,284/- while calculating the income assessed instead of NIL income as declared by the appellant society. 2. That having regard to the facts and circumstances of the case, Ld. CIT(A) has erred in law and on facts in confirming the action of Ld. AO in making disallowance of Rs. 2,25,571/- on account of depreciation claimed by the appellant. 3. That having regard to the facts and circumstances of the case, Ld. CIT(A) has erred in law and on facts in confirming the action of Ld. AO in not allowing the exemption uls 10(23C)(iiiae) and has further erred in observing that there is a prof....

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....re filed. Thereafter, the AO completed the assessment at an income of Rs. 7,80,855/- vide his order dated 28.2.2013 passed u/s. 143(3) of the I.T. Act, 1961. 4. Against the assessment order, the assessee preferred an Appeal before the ld. CIT(A), who vide impugned order dated 15.5.2015 partly allowed the appeal of the assessee. 5. Against the aforesaid order of the Ld. CIT(A), Assessee is in appeal before the Tribunal. 6. Ld. Counsel of the assessee reiterated the contention raised in the grounds of appeal and also filed a Paper Book containing pages 1 to 20 having copy of assessee's reply dated 17.12.2012 filed to the AO; copy of assessee's reply dated 8.1.2013 filed to the AO alongwith annexures; copy of assessee's reply dated 22....