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ITAT Lucknow Quashes ₹85 Crore Additions Against Educational Trust

Case Law Details

Case Name
Rohilkhand Educational Charitable Trust Vs DCIT (ITAT Lucknow)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2017-18
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Rohilkhand Educational Charitable Trust Vs DCIT (ITAT Lucknow) Corpus Donations, Capital Spend & Accumulation Recognized as Charitable Application- Cash Deposits During Demonetisation Not Taxable u/s 68 – Relief for Educational Trust Assessee, a public charitable trust registered u/s 12A, filed appeals against CIT(A)’s orders sustaining major additions after denial of exemption u/s 11 & 12 on account of cancellation of registration u/s 12AA(3) by PCIT. AO taxed corpus donations, accumulation u/s 11(2), 15% statutory accumulation, capital expenditure, cash deposits during demonetiza...
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