https://www.taxtmi.com/caselaws?id=14192 The High Court of BOMBAY ruled that charitable trusts exempted under section 10(22) of the Income-tax Act are required to file returns under section 139(4A) to enable assessment of their exemption eligibility, despite claiming income exemption. The court emphasized the annual evaluation of exemption eligibility and the necessity of filing returns for this purpose, citing the Aditanar Educational Institution case. It upheld the imposition of penalties under section 272A(2)(e) for non-compliance with return filing obligations by such trusts. Both appeals were disposed of without costs. en-us Fri, 30 Mar 2001 00:00:00 +0530 Tue, 14 Jul 2009 13:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14192 The High Court of BOMBAY ruled that charitable trusts exempted under section 10(22) of the Income-tax Act are required to file returns under section 139(4A) to enable assessment of their exemption eligibility, despite claiming income exemption. The court emphasized the annual evaluation of exemption eligibility and the necessity of filing returns for this purpose, citing the Aditanar Educational Institution case. It upheld the imposition of penalties under section 272A(2)(e) for non-compliance with return filing obligations by such trusts. Both appeals were disposed of without costs. Case-Laws Income Tax Fri, 30 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14192