Tribunal held that\u00a0 since the assessee had filed additional evidence in the form of a letter obtained from the donor and since it required examination by the AO the\u00a0 order passed by the CIT(A) was set\u00a0 aside and the issue was restored to the AO for examining the issue afresh. The Tribunal held that the assessee never claimed the cost of fixed assets as application of income in any of the years. The provisions of S.11(6)\u00a0would apply only in respect of these assets which have been claimed as application of income. The AO had not brought on record any material to disprove the contention of the assessee. On the contrary, the assessee had furnished copies of returns from 2009-10 onwards in support of its submission. There was no reason to suspect the submission made by the assessee in this regard. Accordingly, the provisions of S. \u00a011(6)\u00a0would not apply in the case of the assessee. The order passed by the CIT(A) on \u00a0this issue was set aside and the AO was directed to delete the disallowance. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 11 : Property held for charitable purposes\u2013Corpus fund-letter from Donor\u2013Additional evidence admitted and matter remanded to the AO for decide a fresh\u2013fixed asset not claimed depreciation in earlier years-Allowable as application of income. [S. 11(1)(d), 11(6), 32] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10906","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2PU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=10906"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10906\/revisions"}],"predecessor-version":[{"id":10907,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10906\/revisions\/10907"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}