To claim benefit of Private Beneficiary Trust Assessee must prove the same with evidence

Ramgopal Thirani Family Trust Vs DCIT (ITAT Kolkata)

We observe that the claim of assessee is that it is a Private Beneficiary Trust and thus, it was required to file its return of income on ITR-5, but inadvertently it filed ITR-7, which is meant for charitable trust claiming exemption(s). Before ld. CIT(A), it was submitted by the assessee that it tried to file revised return, but failed to do it and the rectification application filed thereafter could not bring any relief claimed. It was also submitted before ld. CIT(A) that the assessee is a Private

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