ITAT Jodhpur Orders Fresh Verification as AO Ignored Accounting Method in Educational Trust Case

Hari Ram Shikshan Sansathan Vs ITO (ITAT Jodhpur) The Income Tax Appellate Tribunal (ITAT), Jodhpur, addressed an appeal filed by Hari Ram Shikshan Sansathan (running ‘Diamond Academic’ school) against the CIT(A)’s order for Assessment Year 2017-18. The trust had claimed Nil income under Section 10(23C)(iiiad), reporting a turnover of ₹ 91,49,222. The Assessing Officer (AO) made two additions:₹ 40,86,800 for a discrepancy in fees and ₹ 8,32,800 for unexplained cash deposits under Section 69A. By adding the ₹ 40.86 lakh fee receipt to the reported turnover, the AO incr...