Unregistered Trust: ITAT Pune Rules Only Net Income Taxable

Adhar Projects Welfare Society Vs ITO Exemption (ITAT Pune) Summary: The Income Tax Appellate Tribunal (ITAT), Pune, in its decision dated 25th June 2025 in the case of Adhar Projects Welfare Society held that when the assessee was not eligible for exemption under Section 11 of the Income Tax Act, 1961 for AY 2016–17, only net income should be taxed under the status of an Association of Persons (AOP). The Tribunal also opined that technical errors like incorrect ITR filing should not penalize taxpayers unfairly. 1. Facts of the Case: The assessee is a public charitable trust registered unde...