Benefit of Accumulation to Trust Restored as Form 9A Not Required for AY 2015-16

Swasth Foundation & Anr Vs CIT (Exemptions) & Ors (Bombay High Court) The petition concerned Assessment Year 2015–16 and challenged an order dated 12 March 2025 passed under Section 119(2)(b) of the Income Tax Act. The order rejected the petitioner’s application of 16 November 2023 seeking condonation of delay in filing Form No. 9A and held that the petitioner, a charitable trust, ought to have filed Form No. 9A manually for Assessment Year 2015–16 even though mandatory e-filing began only from Assessment Year 2016–17. As a result, the petitioner was denied the accumulation cla...