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Showing contexts for: bbc act in M/S Everest Education Society, ... vs Asst. Commissioner Of Income Tax, ... on 24 April, 2024Matching Fragments
3. Shortly stated, the facts leading to the filing of this review application are to the effect that the applicant is a trust engaged in running educational institutions. The assessment officer served it a notice under section 143(2) of the Act on 03-02-2014. On enquiry, he concluded that it had received the donations from 7145 donors to the tune in aggregate of Rs.2,89,20,995/- and reached a conclusion that those donations were anonymous, under section 115 BBC of the Act. The applicant challenged that decision before the Commissioner of Income Tax (Appeal) in a statutory appeal which modified the decision and held that the donations only to the tune of Rs.82,600/- were anonymous. The Revenue challenged that order before the ITAT. Even the applicant preferred an appeal, however, it was beyond limitation and requested for condoning the delay. By a common order, the ITAT refused to condone the delay in preferring appeal by the applicant and allowed Revenue's appeal and restored the findings of the Assessment Officer. By the order under review, we dismissed the applicant's appeal preferred under section 260-A of the Act.