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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)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
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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; ...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,510

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