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Section 11 Relief Restored: Education Trust Not Bound by Rigid Form-10 Purpose
Case Law Details
- Case Name
- Salwan Education Trust Vs DCIT (Exemption) (ITAT Delhi)
- 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 Delhi
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Salwan Education Trust Vs DCIT (Exemption) (ITAT Delhi)
Form-10 Is Not a Straitjacket: Education Trust’s Accumulation Can Be Applied Across Objects—ITAT Delhi Grants Full Relief
Assessee-Trust, registered u/s 12A & engaged solely in running educational institutions since 1950, had accumulated funds u/s 11(2) by filing Form-10 for AY 2013-14 for construction of school buildings at Gurgaon & Tronica City. In AY 2018-19, AO held that part of accumulated amount of ₹3,94,60,633/- was not utilised strictly for the specific purpose mentioned in Form-10 & since no fr...
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