OM Welfare Society Vs. ACIT Exemption
Case No: ITA No. 5204/ DEL/2025
Court: Income Tax Appellate Tribunal, Delhi Benches ‘E’
Bench: Delhi Bench
Date: 2/25/2026
Parties Involved
appellantOM Welfare Society
respondentACIT Exemption
Facts Summary
The assessee, OM Welfare Society, filed its return of income on 13.10.2017 declaring NIL income. The assessee is a registered society under section 12AA of the Income Tax Act, 1961 and is granted exemption under section 80G of the Act. The assessee revised its return of income on 23.09.2018 and the same was selected for scrutiny. The Assessing Officer observed that the assessee has deposited huge cash during the demonetization period and made an addition under section 68 of the Act. The assessee…
Decision in favour of
Assessee
Legal Issues
- 1. Addition made by the Assessing Officer under section 68 of the Act
Precedents Relied Upon
17 precedents cited in this judgement.