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Mere Filing of Form 10 Cannot Create Taxable Income: Bangalore ITAT Deletes ₹2 Crore Addition Against Educational Trust
Case Law Details
- Case Name
- Academy for Technical & Management Excellence Vs DCIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Bangalore
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Academy for Technical & Management Excellence Vs DCIT (ITAT Bangalore)
Mere Filing of Form 10 Cannot Create Taxable Income: Bangalore ITAT Deletes ₹2 Crore Addition Against Educational Trust
The Bangalore ITAT held that merely because a charitable trust filed Form No. 10 for accumulation under section 11(2), it cannot be presumed that the trust earned undisclosed income of ₹2 crore. In the absence of any evidence showing actual receipt of such income, the addition was unsustainable.
The assessee-trust, which runs educational institutions, had filed its return claiming exemption under s...
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