M/s. Eswari Education Trust v. The ITO

Parties Involved

Facts Summary

M/s. Eswari Education Trust, a Charitable Trust established on 16th September, 1988, filed an appeal against the order of the Commissioner of Income Tax (Appeals)/Addl./JCIT (A), Mumbai, dated 13.12.2023 for the Assessment Year 2021-22. The assessee claimed exemption under section 11 of the Income Tax Act, 1961, but the CPC, Bangalore, assessed income at Rs.1,60,31,093/- by disallowing the exemption. The assessee argued that the CPC erred in denying the exemption as it had valid registration under section 12A of the Act up to AY 2021-22. The First Appellate Authority dismissed the grounds of appeal, but the assessee appealed to the Income Tax Appellate Tribunal.…

Legal Issues

• 1. Whether the CPC erred in denying exemption to the assessee under section 11 of the Income Tax Act, 1961?
• 2. Whether the First Appellate Authority correctly dismissed the grounds of appeal?

Judgment Outcome

Decided in favour of Assessee.

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