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CSR Grants Are Tied-Up Funds, Not Free Income of Charitable Trust
Case Law Details
- Case Name
- JM Financial Foundation Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
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JM Financial Foundation Vs ITO (ITAT Mumbai)
ITAT Mumbai on CSR Funds & Form 10: Substantive Justice Prevails Over Procedural Lapse
Mumbai ITAT “F” Bench, in JM Financial Foundation v. ITO (Exemptions) (ITA Nos. 6557 & 6558/Mum/2025, AYs 2017-18 & 2018-19; order dated 29.12.2025), has set aside the NFAC orders and remitted the matter back to the AO for fresh consideration of CSR funds received by a charitable trust and the consequential requirement of filing Form 10.
The Assessee-trust, registered u/s 12A, acted as an implementing agency for CSR activities of group companies an...
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