2023 (11) TMI 864

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.... ORDER This is an appeal filed by the assessee against the order of the ld CIT(A), National Faceless Appeal Centre (NFAC), Delhi, dated 21.02.2023, passed in DIN & Order No.ITBA/NFAC/S/250/2022-23/1049955289(1) for the assessment year 2014-2015. 2. It was submitted by the ld AR that the assessee is a charitable trust, which is doing the activity of running a school. It was the submission th....

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....)(iiiad) of the Act as the total receipts of the assessee was below Rs. 1 crore and there was also no necessity for filing of the form 10BB in such circumstances. It was the submission that these were clearly no adjustments that could be done in an intimation u/s. 143(1) of the Act. It was the submission that in the application u/s. 154 of the Act, the assessee had categorically brought out the is....

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.... ld. CIT(A) is liable to be upheld. 4. I have considered the rival submissions. A perusal of the order of the ld. CIT(A) clearly shows that the ld. CIT(A) has proceeded to give a direction to the AO to consider the alternate claim of the assessee in respect of the assessment of the income of the assessee u/s. 57 of the Act. This, admittedly, has not been challenged by the revenue. Thus, the fac....