2025 (10) TMI 467

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....CA For the Revenue : Ms.Sheila Parthasarthy, Addl. CIT ORDER PER AMITABH SHUKLA, A.M : This appeal is filed against the order bearing DIN & Order No.ITBA/APL/S/250/2024-25/1067424070(1) dated 08.08.2024 of the Learned Commissioner of Income Tax [herein after "CIT(A), for the assessment years 2020-21. Through the aforesaid appeal the assessee has challenged order u/s 250 dated 08.08.202....

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....assessment year 2020-21 as a charitable/religious trust in Form No.5 (as opposed to Form No.7 for registered charitable entities) was filed on 31/03/2021 declaring total income at Rs. 1,50,270/- with NIL tax payable. The Ld. Counsel for assessee submitted that this was done since the threshold taxable limit for an AOP, to which class the appellant presently belonged was Rs. 2,50,000/-. The Ld. Cou....

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....igious trust which is not exempt u/s 11 or 12, rate of tax is that applicable to an association of persons, that is to say normal slab rates beyond the threshold taxable limit. The essential distinction between a charity registered and exempted under Chapter III as against a charity or religious institution not exempt thereunder under could not be comprehended. It was argued that Sub-section 2 of ....

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....s 12A w.e.f. 22.07.2023 for AYs 2024-25 to 2026-27. For the assessment year under consideration it had filed its return of income on 31.03.2021, using Form-5 (as opposed to Form-7 required for registered charitable entities), declaring income of Rs. 1,50,272/-. The threshold taxable limit for AOP to which class the appellant presently belongs to his Rs. 2,50,000/-. We have noted that the action of....