Revised Form 9A filed during assessment ought to be considered: ITAT Nagpur

Deendayal Seva Pratishthan Vs ITO (ITAT Nagpur) Summary: The case of Deendayal Seva Pratishthan vs. ITO revolves around the assessment of the trust’s taxable income for AY 2020-21. The trust, engaged in charitable activities supporting tribal families and farmers’ dependents, faced an addition of ₹62,17,949 by the Assessing Officer due to disallowance of depreciation. Although the trust had initially filed Form 9A within the due date, it later revised the form to reflect an increased income carry-forward from ₹14 lakh to ₹1 crore. However, procedural constraints prevented the ele...