Sri Venkateswara Orphanage vs. ITO, Exemptions Ward, Trichy

Parties Involved

Facts Summary

The assessee, Sri Venkateswara Orphanage, is a public charitable trust that filed its return of income declaring nil income and claiming exemption under section 11 of the Income Tax Act, 1961. The case was selected for scrutiny, and multiple notices were issued. The Assessing Officer passed an assessment order stating that the assessee had no valid registration under section 12A and was ineligible for exemption. The gross receipts were added to the income, and a demand was raised. The assessee appealed before the Commissioner of Income Tax (Appeals), who partially allowed the appeal. The assessee then appealed before the Tribunal, arguing the validity of its registration and the disallowance of expenditure.…

Legal Issues

• 1. Whether the assessee has valid registration for the impugned Assessment Year 2020-21.
• 2. Whether the ld.CIT(A) was right in upholding disallowance to the tune of Rs.2,04,36,425/- while assessing the assessee in the status of AOP.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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