https://www.taxtmi.com/caselaws?id=771768 ITAT Cochin held that PCIT was justified in exercising revision powers u/s 263 against a charitable trust. The trust made donations to 72 institutions registered u/s 12A and FCRA from current year income. While such donations qualify as charitable application under established precedents, the AO failed to examine whether donee institutions had similar objects as the appellant trust, which is a crucial requirement. Mere registration u/s 12AA does not automatically qualify donations for s.11 exemption. The assessment order was silent on this aspect, making it erroneous and warranting revision. en-us Mon, 19 May 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771768 ITAT Cochin held that PCIT was justified in exercising revision powers u/s 263 against a charitable trust. The trust made donations to 72 institutions registered u/s 12A and FCRA from current year income. While such donations qualify as charitable application under established precedents, the AO failed to examine whether donee institutions had similar objects as the appellant trust, which is a crucial requirement. Mere registration u/s 12AA does not automatically qualify donations for s.11 exemption. The assessment order was silent on this aspect, making it erroneous and warranting revision. Case-Laws Income Tax Mon, 19 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771768