Land Purchased but Agreement Not Registered: Section 11(1) Exemption eligibility- Professed vs. Real Intention

Samaja Seva Mandali Vs ITO (ITAT Bangalore) The case of Samaja Seva Mandali versus ITO (Income Tax Officer) heard before the Income Tax Appellate Tribunal (ITAT) Bangalore involved cross appeals by both the assessee and the revenue regarding different orders passed by the National Faceless Assessment Centre (NFAC) for the assessment year 2018-19 under the Income Tax Act, 1961. In the appeal filed by the assessee (ITA No.33/Bang/2024), the main issue revolved around quantum additions made by the assessing officer. The assessee, a charitable trust engaged in providing education, had filed a retu...