This appeal by Assessee has been directed against the Order of the Ld. CIT(A), Hisar, Dated 03.01.2019, for the A.Y. 2014-2015.
2. In this case assessee filed return of income at NIL income. The A.O. noted that assessee is running an educational institution and claimed exemption under section 10(23C)(iiiad) of the I.T. Act, 1961. The A.O. noted that assessee has shown gross receipts at Rs.1,03,19,223/- and after debiting various expenses at Rs.89,58,819/-, the net surplus has been shown at Rs.13,60,413/- which was claimed exempt. A.O. noted that assessee’s gross receipts are more than Rs.1 crore and has not registered under section 10(23C)(vi) and is also not registered under section 12AA of the I.T. Act, 1961. Thus, the A.O. made addition of Rs.13,60,413/-. The Ld. CIT(A) in the absence of the assessee dismissed the appeal of the assessee.
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