Baroda Nair Welfare Association vs The Income Tax Officer, Ward (Exemption) Vadodara

Parties Involved

Facts Summary

The assessee, Baroda Nair Welfare Association, filed an appeal against the order passed by the Addl. Commissioner of Income Tax (Appeals)-2, Chandigarh, which denied the exemption of the amount accumulated by the assessee Trust for the Assessment Year 2010-11. The assessee claimed exemption under section 11(2) of the Income Tax Act, 1961 for the purpose of providing medical and other charitable aids including setting up of an Ayurvedic Hospital. However, the Assessing Officer found that the assessee had not furnished the copy of the resolution passed by the Trust for the purpose of accumulation of fund, had not submitted complete details of fixed deposits, and had not submitted documentary evidence for the remaining fund utilization. The assessee also did not comply with the specific direction given by the ITAT in its order dated 26-09-2017.…

Legal Issues

• 1. Whether the assessee is entitled to exemption under section 11(2) of the Income Tax Act, 1961?

Judgment Outcome

Decided in favour of Assessee.

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