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TMI Blog2023 (5) TMI 1268X X X X Extracts X X X X X X X X Extracts X X X X ..... e to it under Sections 11 and 12 may not be available - HELD THAT:- As referring to income and expenditure account of the AY in issue expenditure that has been registered by the petitioner is Rs. 67,49,006/-, against which an adjustment of unutilized amount under Section 11(1) Explanation 2 amounting to Rs. 2,59,903/- has been made. Thus, the net expenditure, which has been registered by the peti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unsel with Mr Gibran Naushad and Ms Sakshi Shairwal, Jr Standing Counsels along with Mr Harish Kumar Tanwar, ACIT. ORDER [Physical Hearing/Hybrid Hearing (as per request)] CM No. 28499/2023 1. Allowed, subject to the petitioner filing legible copies of the annexures, at least three days before the next date of hearing. W.P.(C) 7324/2023 CM No. 28498/2023 [Application ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rthermore, Mr Chander Singh, learned senior counsel, who appears on behalf of the petitioner, informs us that insofar as the suspension of license issued under the Foreign Contribution (Regulation) Act, 2010 is concerned, a writ action, i.e., W.P.(C)No. 7216/2023 has been preferred, which came up for hearing before a learned Single Judge of this court on 24.05.2023. 5. We are informed that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rusal of the said document would show that the total receipts for the period in issue, i.e., Financial Year (FY) 2015-16 [AY 2016-17], are Rs. 58,34,642/-. 9. The expenditure that has been registered by the petitioner is Rs. 67,49,006/-, against which an adjustment of unutilized amount under Section 11(1) Explanation 2 amounting to Rs. 2,59,903/- has been made. Thus, the net expenditure, which ..... X X X X Extracts X X X X X X X X Extracts X X X X
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