ITAT Bangalore quashes reassessment for AO’s failure to dispose objections before passing order

Holy Spirit Educational Society Vs ITO (Exemptions) (ITAT Bangalore) Assessee, a charitable educational society registered under the Karnataka Societies Registration Act, 1960, was granted 12A registration & had been claiming exemption u/s 11 & 12.   AO reopened the assessment for AY 2016–17 u/s 147 alleging violation of Section 13(1)(c), due to supposed receipt of donations from a related party – “Society of Servants of the Holy Spirit” – & denied exemption u/s 11. The assessee contended the amount was not a donation, but a reimbursement of smart class charges....