Rana Educational Trust vs. The Income Tax Officer, Exemptions Ward, Trichy

Parties Involved

Facts Summary

The assessee, Rana Educational Trust, filed its return of income for the Assessment Year 2024-25 on 13.11.2024 under ITR-7, claiming exemption under section 11 of the Income Tax Act, 1961. The CPC, Bangalore processed the return under section 143(1) of the Act on 20.09.2025, rejecting the exemption claim as the assessee had not filed Form No.10BB along with the return of income. The assessee appealed against this order to the Commissioner of Income Tax (Appeals), Hyderabad, which was dismissed on 25.02.2026. The assessee then appealed to the Income Tax Appellate Tribunal, Chennai, challenging the denial of exemption and the computation of taxable income.…

Legal Issues

• 1. Whether the entire gross receipts can be treated as taxable income without considering the expenditure incurred by the assessee.
• 2. Whether the assessee is entitled to exemption under section 11 of the Act.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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