https://www.taxtmi.com/caselaws?id=773438 ITAT Delhi dismissed Revenue's appeal against assessee trust. AO denied section 11 exemption solely due to non-furnishing of details during assessment proceedings, despite assessee's consistent exemption history. CIT(A) correctly admitted additional evidence under Rule 46A as assessee was unaware of proceedings, accepted final balance sheet as accurate per AO's own remand report, and deleted loan additions confirmed as genuine bank balances. Penalty under section 271(1)(c) was appropriately deleted following deletion of all additions. All grounds raised by Revenue were dismissed. en-us Fri, 20 Jun 2025 00:00:00 +0530 Mon, 23 Jun 2025 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773438 ITAT Delhi dismissed Revenue's appeal against assessee trust. AO denied section 11 exemption solely due to non-furnishing of details during assessment proceedings, despite assessee's consistent exemption history. CIT(A) correctly admitted additional evidence under Rule 46A as assessee was unaware of proceedings, accepted final balance sheet as accurate per AO's own remand report, and deleted loan additions confirmed as genuine bank balances. Penalty under section 271(1)(c) was appropriately deleted following deletion of all additions. All grounds raised by Revenue were dismissed. Case-Laws Income Tax Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773438