https://www.taxtmi.com/caselaws?id=800220 Section 143(1) permits only limited prima facie adjustments and does not support an adjustment based on mismatches between a return and Form 10BB where examination, enquiry, or rectification is required; the required notice must also be given. For a trust registered under Section 12A, corrected Form 10BB reporting discrepancies may remain curable where substantive Section 11 conditions are met. Application of income to charitable purposes and the permitted 15 per cent accumulation determine exemption, while non-reporting of opening corpus does not affect revenue where no prejudice results. Gross receipts and permissible accumulation are not taxable when Section 11 compliance is established. en-us Fri, 18 Sep 2026 00:00:00 +0530 Sat, 03 Oct 2026 09:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800220 Section 143(1) permits only limited prima facie adjustments and does not support an adjustment based on mismatches between a return and Form 10BB where examination, enquiry, or rectification is required; the required notice must also be given. For a trust registered under Section 12A, corrected Form 10BB reporting discrepancies may remain curable where substantive Section 11 conditions are met. Application of income to charitable purposes and the permitted 15 per cent accumulation determine exemption, while non-reporting of opening corpus does not affect revenue where no prejudice results. Gross receipts and permissible accumulation are not taxable when Section 11 compliance is established. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800220