https://www.taxtmi.com/caselaws?id=395921 The ITAT allowed the appeal filed by a charitable trust against the CIT(A)'s order for the assessment year 2014-2015. The ITAT found that the assessing officer had calculated income tax solely on total receipts without considering expenses, contrary to tax law. Despite the trust not being registered under section 12A, the ITAT directed the assessing officer to verify and allow the expenditure claimed by the trust to determine the net income/surplus. The ITAT emphasized the importance of considering expenses for a fair assessment process, ultimately allowing the appeal for statistical purposes. en-us Thu, 11 Jun 2020 00:00:00 +0530 Sat, 13 Jun 2020 11:19:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395921 The ITAT allowed the appeal filed by a charitable trust against the CIT(A)'s order for the assessment year 2014-2015. The ITAT found that the assessing officer had calculated income tax solely on total receipts without considering expenses, contrary to tax law. Despite the trust not being registered under section 12A, the ITAT directed the assessing officer to verify and allow the expenditure claimed by the trust to determine the net income/surplus. The ITAT emphasized the importance of considering expenses for a fair assessment process, ultimately allowing the appeal for statistical purposes. Case-Laws Income Tax Thu, 11 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395921