https://www.taxtmi.com/caselaws?id=774672 The ITAT Pune allowed the assessee trust's appeal against disallowance under section 143(1) regarding exemption under section 11. The trust had shown Rs. 10,37,511/- as amount applied during the previous year, excluding Rs. 2,64,260/- which was applied for charitable purposes from earlier years' accumulation as evidenced in the audit report. The CIT(A) incorrectly included this amount in the current year's application. The ITAT found the CIT(A)'s observation factually wrong and quashed the order, noting that even the CPC had subsequently rectified the mistake and accepted the return showing nil income. en-us Fri, 30 May 2025 00:00:00 +0530 Sat, 12 Jul 2025 08:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774672 The ITAT Pune allowed the assessee trust's appeal against disallowance under section 143(1) regarding exemption under section 11. The trust had shown Rs. 10,37,511/- as amount applied during the previous year, excluding Rs. 2,64,260/- which was applied for charitable purposes from earlier years' accumulation as evidenced in the audit report. The CIT(A) incorrectly included this amount in the current year's application. The ITAT found the CIT(A)'s observation factually wrong and quashed the order, noting that even the CPC had subsequently rectified the mistake and accepted the return showing nil income. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774672