ITAT Bangalore Deletes ₹80 Lakh Addition Made for Non-Filing of Form 10 in Wrong Year

Evehans Academy Vs ITO (Exemptions) (ITAT Bangalore) Addition for Non-Filing of Form 10 Deleted – ITAT Bangalore Holds Taxability Arises Only in Year of Default The issue before the Tribunal was the disallowance of ₹80 lakh made u/s 11(2) for non-filing of Form 10 pertaining to AY 2013–14. The AO held that since the Assessee had utilized the accumulated fund of ₹80 lakh in AY 2018–19 without furnishing Form 10 for the original year of accumulation (AY 2013–14), the claim of application was invalid, treating the amount as income for AY 2018–19. The CIT(A) upheld the addition on th...