2022 (1) TMI 882

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....a, AM The captioned appeal has been filed at the instance of the assessee seeking to challenge the order passed u/s. 144 of the IT Act, 1961 dated 09.06.2017 passed against the order of the Commissioner of Income Tax(A)-40, Delhi ('CIT(A)' in short). 2. As per its grounds of appeal, the assessee had challenged the addition Rs. 4,15,80,000/- to the taxable income of the assessee trust. 3....

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....ection 11(2) as per the objects prescribed u/s. 11(5) of the Act before the AO. The AO has, therefore, denied the benefit of accumulated available for exemption u/s. 11 of the Act. The CIT(A) has also refused to admit the additional evidence to demonstrate the compliance of section 11(5) for the purpose of availment of benefits under section 11(2) of the Act without properly weighing the facts and....