ITAT Bangalore Deletes ₹80 Lakh Addition Made for Non-Filing of Form 10 in Wrong Year

Evehans Academy Vs ITO (Exemptions) (ITAT Bangalore)

Addition for Non-Filing of Form 10 Deleted – ITAT Bangalore Holds Taxability Arises Only in Year of Default

The issue before the Tribunal was the disallowance of ₹80 lakh made u/s 11(2) for non-filing of Form 10 pertaining to AY 2013–14.

The AO held that since the Assessee had utilized the accumulated fund of ₹80 lakh in AY 2018–19 without furnishing Form 10 for the original yea

Please become a Premium member. If you are already a Premium member, login here to access the full content.