ITAT Allows Charitable Trust Relief Because Sub-Grant to Foreign University Was a Tied-Up Project Grant

Hriday Vs ITO (Exemption) (Delhi High Court) The Income Tax Appellate Tribunal (ITAT), Delhi Bench, decided a batch of five appeals filed by a charitable society registered under Section 12A of the Income-tax Act, 1961 for Assessment Years (AYs) 2010–11 to 2014–15. The appeals challenged a common order of the Commissioner of Income Tax (Appeals) [CIT(A)] dated 27 March 2017, which had partly upheld additions made by the Assessing Officer (AO) relating to grants remitted to the University of Texas, USA. Since the issues across the appeals were identical, the Tribunal treated AY 2010–11 as...