https://www.taxtmi.com/highlights?id=89691 ITAT allowed the appeal for statistical purposes and remanded the matter to CIT(A) for factual verification. The assessee society claimed exemption u/s 11(1)(d), which was denied through intimation u/s 143(1) treating government scheme funds as "income" u/s 2(24). ITAT held that if the society operates as a simpliciter pass-through entity under "Rashtriya Gokul Mission" without control over funds or right to retain unutilized amounts, such funds cannot constitute "income" u/s 2(24). The tribunal directed CIT(A) to verify the factual position regarding the society's role as implementing agency and whether AO/CPC Bengaluru complied with statutory obligations under provisos to Section 143(1) regarding notice and objections before making adjustments. en-us Mon, 23 Jun 2025 08:42:59 +0530 Mon, 23 Jun 2025 08:43:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89691 ITAT allowed the appeal for statistical purposes and remanded the matter to CIT(A) for factual verification. The assessee society claimed exemption u/s 11(1)(d), which was denied through intimation u/s 143(1) treating government scheme funds as "income" u/s 2(24). ITAT held that if the society operates as a simpliciter pass-through entity under "Rashtriya Gokul Mission" without control over funds or right to retain unutilized amounts, such funds cannot constitute "income" u/s 2(24). The tribunal directed CIT(A) to verify the factual position regarding the society's role as implementing agency and whether AO/CPC Bengaluru complied with statutory obligations under provisos to Section 143(1) regarding notice and objections before making adjustments. Highlights Income Tax Mon, 23 Jun 2025 08:42:59 +0530 https://www.taxtmi.com/highlights?id=89691