Shree Saurashtra Vishal Shremali Soni Anyonya Shhayak Pragai Mandal, Vadodara vs DCIT (CPC) Bangalore

Parties Involved

Facts Summary

The assessee, a charitable trust registered under the Bombay Public Trust Act, 1950, filed an appeal against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, dated 18.10.2023, for the assessment year 2014-15. The assessee raised various grounds for appeal, including the denial of exemption under section 11 of the Income Tax Act, 1961, and the disallowance of certain income and expenses. The assessee argued that the exemption should be granted for the period prior to the year of registration, as per the CBDT Circular No.01/2015. The assessee relied on the circular and several precedents to support their claim.…

Legal Issues

• 1. Whether the exemption under section 11 of the Act can be denied to a trust if it got registration during the pendency of the appeal?
• 2. Whether the disallowance of income and expenses by the AO was justified?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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