2020 (12) TMI 1302

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...., CA ORDER PER SUCHITRA KAMBLE, JM This appeal is filed by the Revenue against the order dated 20/02/2018 passed by CIT(A) , Dehradun in A.Y. 2014-15. 2. The grounds of appeal are as under:- "1. The Ld. CIT(A) has erred in law and facts in deleting the additions of Rs. 4,18,82,260/- made by the AO in respect of profit from business undertakings. 2. The order of Ld. CI....

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....re had been shown at Rs. 4,17,00,246/-. The Assessing Officer further observed that the said amount was claimed by the assessee as inter trust donations to the tune of Rs. 78,69,23,236/- to various related trust/institutions having common members. The Assessing Officer held that activities of trust are not covered u/s 2(15) of the Act and not allowed it exemption u/s 11 of the Act, thereby calcula....

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.... No(s). 25556/2019 order dated 09.08.2019. 7. We have heard both the parties and perused the material available on record. The Hon'ble Uttarakhand High Court in Assessee's case for A.Y. 2009- 10 has held that the Assessing Officer was not justified in denying the assessee exemption under Section 11/12 of the Act which is confirmed by the Hon'ble Apex Court. Besides this, for A.Y. 2010-11, 2011-....