2009 (8) TMI 103

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.... J.-The Revenue has preferred this appeal under section 260A of the Income-tax Act, 1961 (for short, "the Act") against the order of the Income-tax Appellate Tribunal, Chandigarh Bench "B' dated January 29, 2008, passed in I. T. A. No.888/Chandi/2006 for the assessment year 2003-04, proposing to raise the following substantial questions of law: "(i) Whether, in the facts and circumstances of th....

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....ome under the head 'Income from house property'. (d) Addition of Rs. 25,12,438 made on account of foreign contributions received. (e) Addition of Rs. 18,99,300 made on account of registration charges and buildings funds. (0 Disallowance of Rs. 67,42,583 being expenditure out of ear marked funds/current liabilities ? (iii) Whether, in the facts and in the circumstances of the case, the ....

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....me is not applied for fund purpose but for profit on funds till the same are utilized." 2. The assessee is a charitable society and is engaged in various activities including running of church and schools. It claimed exemption under section 11(1)(a) and section 12(1) of the Act. The same was declined by the Assessing Officer on the ground that the assessee was a society and not a trust. The Ass....

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....g of Form No. 10 after the return but before the assessment, the Commissioner of Income-tax (Appeals) observed as under: "It was pointed out that the appellant has accordingly modified Form No.10 in the course of assessment proceedings. The modified Form No. 10 has also been rejected by the Assessing Officer on the ground that there is no provision in the Act for revising Form No. 10. It was su....