https://www.taxtmi.com/caselaws?id=312492 ITAT Jaipur dismissed the trust's appeal on all grounds. The tribunal confirmed CIT(A)'s order reducing DVO valuation by 20%, upheld additions for corpus donations lacking proper documentation, confirmed surplus additions for student funds, and validated disallowance of inverter expenditure due to insufficient evidence. The trust failed to submit Form 10 before the due date and accumulated income exceeding 15% of gross receipts, resulting in denial of exemptions under sections 11 and 10(23C). The trust was deemed not solely educational, justifying exemption denial under section 10(23c)(iiiad). en-us Mon, 26 Sep 2022 00:00:00 +0530 Thu, 22 Feb 2024 05:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312492 ITAT Jaipur dismissed the trust's appeal on all grounds. The tribunal confirmed CIT(A)'s order reducing DVO valuation by 20%, upheld additions for corpus donations lacking proper documentation, confirmed surplus additions for student funds, and validated disallowance of inverter expenditure due to insufficient evidence. The trust failed to submit Form 10 before the due date and accumulated income exceeding 15% of gross receipts, resulting in denial of exemptions under sections 11 and 10(23C). The trust was deemed not solely educational, justifying exemption denial under section 10(23c)(iiiad). Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312492