Tax Is on Real Income, Not Gross Turnover – ITAT Pune on Charitable Club Taxation

Vir Savarkar Swimmers Club Vs ITO (ITAT Pune)

Gross Receipts Cannot Be Taxed – Net Income Only in Absence of 12A Registration-  Technical lapses should not lead to unjust enrichment of Revenue.-  Income-Tax on ‘Real Income’, Not Gross Turnover

Vir Savarkar Swimmers Club, a registered society, filed its return of income declaring Nil income after claiming exemption u/s 11. However, CPC denied the exemption &  taxed the entire gross receipts of ₹47,77,268/- (AY 2019-20), citing two technical lapses- Non-furnishing of registration details u/s 12A & Failure to

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