Charitable Exemption Denial Quashed Due to Correctable ITR Mistakes

Swaminarayan Mandir Trust Vs CIT (Exemptions) (Bombay High Court) The recent decision of the Bombay High Court in Swaminarayan Mandir Trust Versus Commissioner of Income Tax (Exemptions), Mumbai & Ors., Writ Petition No. 2162 of 2025, decided on 24 December 2025, once again brings into sharp focus the true width, purpose and remedial character of the revisional jurisdiction under Section 264 of the Income-tax Act, 1961, particularly when juxtaposed with the appellate remedy available under Section 246A. The ruling assumes importance not merely for charitable trusts claiming exemption under...