https://www.taxtmi.com/caselaws?id=290024 The Tribunal upheld the addition of Rs. 42,75,263 to the appellant's income despite the appellant's admission of nil income. The non-acceptance of Notice u/s 11(2) and rejection of rectified Form No.10 were also affirmed. The denial of exemption for the charitable trust under sections 11(1) and 11(2) was upheld. The legality of the assessment and appellate orders was challenged but deemed lawful. The judgment underscores the importance of adhering to prescribed forms and procedures under the Income Tax Act for claiming exemptions and deductions effectively. en-us Fri, 14 Jun 2013 00:00:00 +0530 Sat, 05 Sep 2020 09:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290024 The Tribunal upheld the addition of Rs. 42,75,263 to the appellant's income despite the appellant's admission of nil income. The non-acceptance of Notice u/s 11(2) and rejection of rectified Form No.10 were also affirmed. The denial of exemption for the charitable trust under sections 11(1) and 11(2) was upheld. The legality of the assessment and appellate orders was challenged but deemed lawful. The judgment underscores the importance of adhering to prescribed forms and procedures under the Income Tax Act for claiming exemptions and deductions effectively. Case-Laws Income Tax Fri, 14 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290024