Charitable Trust Serving Army Widows Denied Exemption for Not Filing Returns - Matter Remanded for Reassessment.

The Income Tax Appellate Tribunal (ITAT) remanded a case involving a charitable trust serving army widows back to the Assessing Officer (AO) for reassessment. Although the trust had 12A registration, it failed to file returns necessary to claim tax exemption under section 11, resulting in the loss of benefits. The AO is instructed to reassess the trust's income, considering documents and submissions, and provide an opportunity for a hearing concerning term deposits, renewals, cash deposits from schools, and other activities. The Revenue's appeal is allowed for statistical purposes. .....

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