Section 57(iii) Expenditures allowable in spite of denial of Section 11 & 12 benefits

Shri Sanatan Dharam Mandir Sabha Vs ITO (ITAT Delhi) Facts- The assesse is a registered society registered with Registrar of Society Delhi. It has neither applied nor received any registration u/s 12A of the Act. For the AY 2013-14, the assesee filed its ITR-7 showing taxable at Rs. 2,18,060/- after reducing the application of income of Rs. 4,85,564/- from gross receipts of Rs. 7,03,624/-. The income was shown under the head “Income from Other Sources”. The CPC Bangalore processed the return u/s 143(1) and disallowed the expenses of Rs.4,85,564/- claimed in the return. Further the CPC, Ban...