2024 (2) TMI 839

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....ssee 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 to provide total eye care. Return of income....

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....enuineness 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 the surplus of Rs. 12,16,630/- amounts to income of Rs....

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....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 revenue expenditure would only inflate the surplus income of ....