Jan Kalyan Samiti vs. ITO Ward Exemption
Case No: ITA No.5120/DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Bench: Delhi Bench
Date: 2/6/2026
Parties Involved
appellantJan Kalyan Samiti
respondentITO Ward Exemption
Facts Summary
The assessee, Jan Kalyan Samiti, filed a return of income declaring NIL income for AY 2015-16. The case was selected for scrutiny, and the Assessing Officer disallowed an investment of Rs. 69,00,000/- in shares of M/s RPL Capital Finance Ltd. and added Rs. 1,14,891/- as income. The assessee appealed to the National Faceless Appeal Centre (NFAC), which upheld the AO's order. The assessee then appealed to the Income Tax Appellate Tribunal (ITAT), raising issues regarding the disallowance and addit…
Decision in favour of
Assessee
Legal Issues
- 1. Determination of income of the appellant society
- 2. Denial of exemption u/s 11 and 12 of the Act
1 more legal issue analysed in this judgement.
Precedents Relied Upon
3 precedents cited in this judgement.