Trust for Particular Community Not Eligible for Section 11 Benefits: ITAT Ahmedabad

Ahmedabad Kadi Vijapur Pragana Shrimali Soni Uttejak Mandal Vs ITO (ITAT Ahmedabad) AO had assessed the trust as an AOP and made an addition of ₹8,36,509, holding it ineligible for exemption u/s 11 since it was not registered u/s 12AA Assessee’s Arguments Claimed assessment selection was incorrect & beyond CBDT guidelines. Stated that the trust neither had surplus income nor claimed exemption u/s 12AA in this year. Contended AO wrongly computed figures, ignoring audited accounts showing a net deficit of ₹3.43 lakh, instead of income. Argued AO even noted contradictory figures in sho...