Ishwar Education and Charitable Trust vs. ITO

Parties Involved

Facts Summary

The appellant, a Trust registered under the Bombay Public Trusts Act, 1950, filed its Income for the Assessment Year 2015-16 beyond the due date. A notice under section 148A(b) was issued on 16.03.2022, to which the appellant responded that it could not file the return due to technical glitches. The appellant voluntarily offered income of Rs.12,13,440/- after availing exemption under section 11. The Assessing Officer accepted the income and passed an assessment order on 02.03.2023, taxing the income at the Maximum Marginal rate. The Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre confirmed the assessment order, leading to the present appeal by the appellant.…

Legal Issues

• 1. Whether the income of the appellant Trust is liable to be taxed at the Maximum Marginal rate of tax.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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