Delhi High Court Grants Exemption Despite Incorrect Income Head in Return

International Buddhist Confederation Vs ITO (Delhi High Court) The Delhi High Court allowed an appeal under Section 260A of the Income Tax Act, 1961 challenging the order dated 22.07.2025 of the Income Tax Appellate Tribunal (ITAT), Delhi Bench. The substantial question of law framed was whether exemption could be denied merely because the assessee had disclosed income from trust property under the head “income from other sources.” The appellant is a trust registered under Sections 12A and 80G of the Act with effect from 02.11.2012. For Assessment Year 2017–18, it filed its return declar...