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No Cash, No Assets, No Trail- Dumb Documents Can’t Sustain ₹23 Cr Addition
Case Law Details
- Case Name
- Sri Devaraj Urs Educational Trust Vs ACIT (ITAT Bangalore)
- 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 Bangalore
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Sri Devaraj Urs Educational Trust Vs ACIT (ITAT Bangalore)
No Cash, No Assets, No Trail- Dumb Documents Can’t Sustain ₹23 Cr Addition – ITAT Bangalore Deletes ₹23.77 Cr Capitation Fee Addition & Restores Exemption u/s 11
Background:
Sri Devaraj Urs Educational Trust (Kolar), running medical & allied institutions, faced search u/s 132 on 10.10.2019. Excel sheets seized from cashier’s computer & documents from an alleged agent (Shri T. Babu) suggested collection of capitation fees for admissions. AO treated these as incriminating & added ₹23.77 Cr for AY 2020-21; ...




