2026 (9) TMI 2031

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ra, ["learned Addl./Joint CIT(A)"], for the assessment year 2024-25. 2. In this appeal, the assessee has raised the following grounds: - 1. The order passed by the learned Additional/Joint Commissioner of Income Tax (Appeals), Agra ("CIT(A)"), under section 250 of the Income Tax Act, 1961 ("the Act"), insofar as it is against the Appellant, is opposed to law, weight of evidence, natural justice and preponderance of probabilities on the facts and circumstances of the Appellant's case. 2. The Appellant denies itself liable to be assessed at a total income of Rs. 15,99,570/- against the returned income of Nil on the facts and circumstances of the case. 3. The adjustments made vide intimation issued under secti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sessee is a public charitable trust registered under section 12A of the Act. For the year under consideration, the assessee filed its return of income on 23/09/2024, declaring gross income of Rs. 1,10,81,190 and, after claiming exemption on account of application of income amounting to Rs. 94,19,421 and amount accumulated or set apart not exceeding 15% of the total income amounting to 16,60,769 as per section 11(1) of the Act, the total income was declared at Rs. Nil. The return filed by the assessee was processed vide intimation dated 15/12/2025 issued under section 143(1) of the Act, computing the total income of the assessee at Rs. 15,99,570, after making a disallowance of Rs. 10,80,887 under section 40(a)(ia) of the Act and Rs. 5,18,678....