https://www.taxtmi.com/caselaws?id=778957 ITAT allowed the trust's exemptions largely. Donations to corpus were held genuine and additions deleted except donations from five donors (Rs.1.95 crore) remitted to AO for confirmations. The trust cannot be denied accumulation under s.11(1)(a) (15% rule) and related addition deleted. CIT(A)'s refusal to permit accumulation under s.11(2) was upheld for lack of specified purpose. Disallowance of fixed-asset costs and adhoc expense disallowances were set aside and remanded to AO for fresh consideration and evidence. Findings treating the trust as AOP under ss.13(1)(c)/13(3) were overturned and related surplus additions deleted. en-us Mon, 22 Sep 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778957 ITAT allowed the trust's exemptions largely. Donations to corpus were held genuine and additions deleted except donations from five donors (Rs.1.95 crore) remitted to AO for confirmations. The trust cannot be denied accumulation under s.11(1)(a) (15% rule) and related addition deleted. CIT(A)'s refusal to permit accumulation under s.11(2) was upheld for lack of specified purpose. Disallowance of fixed-asset costs and adhoc expense disallowances were set aside and remanded to AO for fresh consideration and evidence. Findings treating the trust as AOP under ss.13(1)(c)/13(3) were overturned and related surplus additions deleted. Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778957