Jeevan Deep Charitable Trust vs. ITO (Exemption), Ward-Muzaffarpur

Parties Involved

Facts Summary

The Jeevan Deep Charitable Trust, a registered charitable trust under section 12A of the Income Tax Act, filed an income tax return for the Assessment Year 2020-21 along with an audit report in Form-10B. The return was processed, and a demand of Rs. 16,16,830/- was raised by not allowing the application of income in the Revenue account amounting to Rs. 41,27,921/-. The Trust challenged the order of the Assessing Officer before the Commissioner of Income-tax (Appeal)-NFAC, Delhi, which dismissed the appeal. The Trust filed an appeal against this order, claiming that there was a mistake in the income tax return that resulted in the disallowance of their application. The Trust submitted that they are a registered Trust and provided the registration certificate and other relevant documents before the Commissioner of Income-tax (Appeal)-NFAC, Delhi.…

Legal Issues

• 1. Whether the assessee is entitled to claim exemption under section 11 of the Income Tax Act?

Judgment Outcome

Decided in favour of Assessee.

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