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Genuine Application of Income Cannot Be Denied for Mere Reporting Mismatch in Return
Case Law Details
- Case Name
- Gurudeva Seva Samsthe Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2019-20
- Courts
- All ITAT, ITAT Bangalore
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Gurudeva Seva Samsthe Vs ITO (ITAT Bangalore)
Genuine Application of Income Cannot Be Denied for Mere Reporting Mismatch in Return
The Bangalore ITAT held that a charitable trust’s claim of capital expenditure as application of income cannot be disallowed merely because of a mismatch in figures reported in different schedules of the return of income. The Tribunal observed that when the expenditure is supported by documentary evidence and its genuineness is not disputed, a technical reporting inconsistency cannot be the sole basis for denial of the claim.
In this case, the assessee-trust clai...
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