2024 (2) TMI 839

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....ER This is an appeal filed by the assessee directed against the order of National Faceless Appeal Centre [NFAC], Delhi, dated 25.09.2023 for A.Y.2016-17. 2. Brief facts of the case are that assessee is a charitable trust registered u/sec. 12A of the Income Tax Act, 1961 (for short, 'the Act') on 26/02/1992. The assessee-trust was formed for the benefit of poor and needy eye patients ....

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....nditure as the assessee failed to prove the genuineness of the expenditure even before him. 4. Aggrieved by the order of the NFAC, the assessee is in appeal before this Tribunal by raising the following additional ground of appeal:- "Without prejudice to the earlier grounds of appeal, appellant contends that, quantum of ad-hoc disallowance of expenses of Rs. 35,95,602/-; together with ....

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....he total income of the assessee trust, the same should be allowed to carry forward for subsequent application and no addition is called for. 6. On the other hand, ld.Sr.DR did not dispute the above proposition as advanced by the ld.AR. 7. I have heard rival submissions and perused the material on record. I find merit in the submission made on behalf of the assessee trust that disallowance of....