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Write-Off of Donations & Fixed Assets is Application of Funds
Case Law Details
- Case Name
- Apne Aap Women Worldwide (India) Trust Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
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Apne Aap Women Worldwide (India) Trust Vs ITO (ITAT Mumbai)
In ground number-4, the assessee is aggrieved by certain amounts written-off in the books of accounts but not treated as application of Trust Income by the revenue. The assessee has written-off an amount of Rs.1,71,313/- as donations receivable from the donors but remaining unrecoverable and therefore, written-off in the books of accounts. The assessee has submitted that the said donations were already been offered as Trust receipts in earlier years and therefore the non-recovery should be treated as application of in...
